|Bid||0.000 x 0|
|Ask||0.000 x 0|
|Day's Range||30.750 - 32.600|
|52 Week Range||19.120 - 39.900|
|PE Ratio (TTM)||72.98|
|Forward Dividend & Yield||0.26 (0.74%)|
|1y Target Est||31.64|
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.
** 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.
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, 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.
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.
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.
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.
, 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.
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 ...
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.
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.
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 ...
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 ...
July 5 (Reuters) - China Resources Beer Holdings Co Ltd : * JIAN YI APPOINTED EXECUTIVE DIRECTOR Source text for Eikon: Further company coverage:
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...
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...
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...
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...
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.
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.
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.
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.
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 ...
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 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.