0291.HK - China Resources Beer (Holdings) Company Limited

HKSE - HKSE Delayed Price. Currency in HKD
31.500
-0.500 (-1.56%)
At close: 4:08PM HKT
Stock chart is not supported by your current browser
Previous Close32.000
Open31.950
Bid0.000 x 0
Ask0.000 x 0
Day's Range30.750 - 32.600
52 Week Range19.120 - 39.900
Volume14,011,923
Avg. Volume7,397,423
Market Cap102.186B
Beta0.69
PE Ratio (TTM)72.98
EPS (TTM)0.432
Earnings DateN/A
Forward Dividend & Yield0.26 (0.74%)
Ex-Dividend Date2018-05-28
1y Target Est31.64
  • TheStreet.com13 days ago

    From Cannabis to China: Beer Companies Chase New Growth Opportunities

    is making a big play for China, where it holds a tiny share of the market, as global beer makers are increasingly searching for fast-growth markets and new segments to ward off declining sales in mature economies. On Friday, Heineken announced a $3.1 billion stake in the parent of China Resources Beer, as the company is looking to expand its distribution network in China and target the nation's premium segment. "We believe we can win together in this new era of the Chinese beer market, in which the premium segment will become increasingly important," said Chen Lang, chairman of China Resources Enterprise.

  • Reuters13 days ago

    Deals of the day-Mergers and acquisitions

    ** Heineken is taking a $3.1 billion stake in the parent of China Resources Beer, China's top brewer, to tap a growing thirst for premium brands in the world's biggest beer market. ** Aimia said it rebuffed an offer by Air Canada and partners to buy its Aeroplan loyalty program and urged the carrier to make a higher offer for the business. ** Pan-European exchange Euronext said its second-quarter core earnings rose 11.9 percent, helped by its acquisition of the Irish Stock Exchange, higher listings and a rise in trading volumes.

  • TheStreet.com13 days ago

    Heineken's China Deal: An Interesting Move, but What's Next?

    deal with China Resources Beer is an interesting move. Despite working hard to build its own distribution and brewing capacity in China, the Dutch brewer has struggled to grow organically. The partnership with China's biggest brewer means they'll gain an insightful ally that knows the market.

  • Earnings lift European shares, banks shine
    Reuters13 days ago

    Earnings lift European shares, banks shine

    Earnings, particularly in the banking sector, lifted European shares on Friday at the end of a volatile week, as investors drew encouragement from Apple becoming the world's first trillion-dollar company. The pan-European STOXX 600 index closed up 0.7 percent but ended the week on a 0.5 percent loss. France's Credit Agricole posted the best performance of Paris's CAC 40 index with a 2.3 percent rise with second-quarter profits ahead of estimates.

  • TheStreet.com13 days ago

    China Calling: Heineken Looks for Foothold In World's Biggest Beer Market

    The ongoing global trade war spat with China and challenges faced by competitors in the local market are not stopping Heineken from getting serious about China's beer market. announced a $3.1 billion deal with China Resources Enterprise and China Resources Beer, acquiring a 40% stake in the parent company of China Resources Beer, the country's largest brewer.

  • Reuters13 days ago

    Heineken toasts $3.1 billion China Resources Beer premium tie-up

    HONG KONG/SHANGHAI (Reuters) - Heineken is taking a $3.1 billion stake in the parent of China Resources Beer, China's top brewer, to tap a growing thirst for premium brands in the world's biggest beer market. The world's No. 2 brewer will take a 40 percent holding in CRH Beer, giving it a strong distribution network in China and greater access to a market it has so far found tough to crack. For CR Beer, the maker of the locally popular Snow beer, the deal is a way to get into the foreign-dominated premium sector at a time when Chinese demand for lower-end brands is waning.

  • Heineken toasts $3.1 billion China Resources Beer premium tie-up
    Reuters13 days ago

    Heineken toasts $3.1 billion China Resources Beer premium tie-up

    HONG KONG/SHANGHAI (Reuters) - Heineken (HEIN.AS) is taking a $3.1 billion stake in the parent of China Resources Beer , China's top brewer, to tap a growing thirst for premium brands in the world's biggest beer market. The world's No. 2 brewer will take a 40 percent holding in CRH Beer, giving it a strong distribution network in China and greater access to a market it has so far found tough to crack. For CR Beer, the maker of the locally popular Snow beer, the deal is a way to get into the foreign-dominated premium sector at a time when Chinese demand for lower-end brands is waning.

  • Financial Times13 days ago

    [$$] Heineken buys into China’s biggest beer company

    , the Budweiser maker that is by far the leading foreign brewer in the world’s biggest beer market. The $3.1bn investment — which would give Heineken a stake in CRH (Beer) Ltd, which controls CR Beer — comes as the Dutch brewer has struggled in China.

  • Reuters14 days ago

    BRIEF-China Resources Beer says aims to become premium market leader in 5-10 years with Heineken deal

    Aug 3 (Reuters) - China Resources Beer Holdings Co Ltd : * China Resources Beer CEO says hopes firm can take a leading position in China's premium market in 5-10 years through Heineken deal * China Resources ...

  • The Wall Street Journal14 days ago

    [$$] Heineken Selling Chinese Operations to CR Beer

    NV (HEINY) Friday said it is selling its Chinese operations to a local brewer to focus on selling premium beer in world’s largest beer market by volume. It also gives Heineken a significant foothold in what is forecast to be the biggest contributor to premium volume growth in the next five years. Heineken said it would sell its Chinese operations to Hong Kong-listed China Resources Beer (Holdings) Co. Ltd., or CR Beer, for HK$2.4 billion (US$305.76 million) while picking up a minority stake in its holding company for HK$24.3 billion.

  • Financial Times14 days ago

    [$$] Heineken/CR Beer: parts it could not reach

    On Friday the brewer announced a non-binding agreement with Chinese Resources Beer. Instead of competing with the entrenched local brand, Heineken has decided to collaborate with it. Heineken — along with other foreign brewers — has, surprise, surprise, struggled to establish scale and distribution channels in protectionist China.

  • Reuters14 days ago

    BRIEF-China Resources Beer Says China Resources Enterprise And Heineken Group Agree To Partnership

    Aug 3 (Reuters) - China Resources Beer Holdings Co Ltd : * CHINA RESOURCES ENTERPRISE AND HEINEKEN GROUP HAVE AGREED ON FORMATION OF A LONG TERM STRATEGIC PARTNERSHIP Source text for Eikon: Further company ...

  • Reuters14 days ago

    BRIEF-Heineken And China Resources Sign Non-Binding Agreements To Join Forces In China

    Aug 2 (Reuters) - Heineken Nv: * HEINEKEN AND CHINA RESOURCES SIGN NON-BINDING AGREEMENTS TO JOIN FORCES IN CHINA * UNDER STRATEGIC PARTNERSHIP AGREEMENT, HEINEKEN WILL BE CRE'S EXCLUSIVE PARTNER FOR INTERNATIONAL ...

  • Reuterslast month

    BRIEF-China Resources Beer Appoints Jian Yi As Executive Director

    July 5 (Reuters) - China Resources Beer Holdings Co Ltd : * JIAN YI APPOINTED EXECUTIVE DIRECTOR Source text for Eikon: Further company coverage:

  • Is China Resources Beer (Holdings) Company Limited (HKG:291) A Sell At Its Current PE Ratio?
    Simply Wall St.2 months ago

    Is China Resources Beer (Holdings) Company Limited (HKG:291) A Sell At Its Current PE Ratio?

    This analysis is intended to introduce important early concepts to people who are starting to invest and want to begin learning the link between China Resources Beer (Holdings) Company LimitedRead More...

  • What Do China Resources Beer (Holdings) Company Limited (HKG:291) Insiders Know That You Don’t?
    Simply Wall St.3 months ago

    What Do China Resources Beer (Holdings) Company Limited (HKG:291) Insiders Know That You Don’t?

    China Resources Beer (Holdings) Company Limited, an investment holding company, manufactures, sells, and distributes beer products under the Snow brand. China Resources Beer (Holdings) is one of Hong Kong’s large-capRead More...

  • What Does China Resources Beer (Holdings) Company Limited’s (HKG:291) Share Price Indicate?
    Simply Wall St.4 months ago

    What Does China Resources Beer (Holdings) Company Limited’s (HKG:291) Share Price Indicate?

    Let’s talk about the popular China Resources Beer (Holdings) Company Limited (SEHK:291). The company’s shares saw a decent share price growth in the teens level on the SEHK over theRead More...

  • Will China Resources Beer (Holdings) Company Limited’s (HKG:291) Earnings Grow Over The Next Few Years?
    Simply Wall St.5 months ago

    Will China Resources Beer (Holdings) Company Limited’s (HKG:291) Earnings Grow Over The Next Few Years?

    The most recent earnings announcement China Resources Beer (Holdings) Company Limited’s (SEHK:291) released in December 2017 indicated that the business benefited from a sizeable tailwind, eventuating to a high double-digitRead More...

  • Reuters5 months ago

    Asia Pacific dealmakers fear M&A slowdown will continue

    Dealmakers in Asia-Pacific have suffered their worst start to the year since 2014 and they fear the slowdown will continue as tougher regulatory scrutiny and rising trade war concerns hurt the region's outbound dealmaking. Asia Pacific's outbound deals dropped by 32 percent both in value and number of deals - a fall led by China, home to the region's most active buyers since 2015, whose companies launched nearly 20 percent fewer cross-border deals than by this time last year, according to Thomson Reuters data.

  • Reuters5 months ago

    China brewer Tsingtao net profit jumps 21 pct, misses forecasts

    China's Tsingtao Brewery Co Ltd, the country's second largest brewer, posted a 21 percent jump in annual profit on Tuesday, short of forecasts but still the firm's fastest profit growth since 2010 as it reined it costs. The brewer said its 2017 net profit jumped to 1.26 billion yuan ($200.80 million). China is the world's largest beer market by sales, but volumes have been slipping and profit margins are razor thin amid fierce competition between local firms and beer giants AB InBev, Heineken NV and Carlsberg.

  • Reuters5 months ago

    China Resources Beer eyes cooperation with international brands - CEO

    China Resources Beer (Holdings) Co Ltd said on Wednesday it will look at cooperation and acquisition opportunities that can help boost its strategy in developing mid- to high-end beer products. Chief Executive Officer Hou Xiaohai made the comment regarding the company's M&A strategy at a results briefing, but declined to say whether the company is in talks to acquire Heineken NV's China business. Reuters reported earlier the owner of the Snow beer brand is in talks to acquire the Dutch beer company's China business in a deal that could be worth more than $1 billion, as it seeks new growth from premium brands.

  • Reuters5 months ago

    China Resources Beer 2017 pre-tax profit up 4.4 pct, eyes acquisitions

    China Resources Beer (Holdings) Co Ltd posted a 4.4 percent rise in annual pre-tax profit on Wednesday, benefiting from an increase in beer sales volume and average selling price, as well as focus on higher margin premium beers. The owner of the Snow beer brand said pre-tax profit came in at 1.82 billion yuan ($286.8 million) for 2017, below an average estimate of 1.94 billion yuan drawn from 19 analysts polled by Thomson Reuters I/B/E/S. It posted a pre-tax profit of 1.74 billion yuan in 2016.

  • Reuters5 months ago

    BRIEF-China Resources Beer Holdings Co Posts FY ‍Profit Of RMB1,175 Mln

    March 21 (Reuters) - China Resources Beer Holdings Co Ltd : * FY ‍PROFIT ATTRIBUTABLE RMB1,175 MILLION VERSUS RMB629​ MILLION * FY TURNOVER RMB29.73 BILLION VERSUS RMB28.69 BILLION * RECOMMENDED FINAL ...

  • Reuters5 months ago

    Exclusive: China Resources Beer in talks to acquire Heineken's China business - sources

    China Resources Beer (Holdings) Co Ltd is in talks to acquire Heineken NV’s China business in a deal that could be worth more than $1 billion (725 million pounds), as the country's largest brewer seeks new growth from premium brands, five people close to the discussions said. The negotiations come as global beer giants such as Heineken, AB InBev and Carlsberg are facing fierce competition from local rivals and each other in emerging markets, which have been touted as the growth engine for the world's biggest brewers. China is the world's largest beer market by volume.

  • Heineken, CR Beer seal $3.1 bln tie-up in premium brands push
    Reuters Videos13 days ago

    Heineken, CR Beer seal $3.1 bln tie-up in premium brands push

    Heineken has struck a $3.1 billion partnership with a company that controls China's largest brewer, China Resources Beer, as the two firms seek to tap a growing thirst for premium brands in the world's biggest beer market. David Pollard reports.