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

HKSE - HKSE Delayed Price. Currency in HKD
36.650
+0.850 (+2.37%)
At close: 4:08PM HKT
Stock chart is not supported by your current browser
Previous Close35.800
Open35.850
Bid36.750 x 0
Ask36.700 x 0
Day's Range35.500 - 36.950
52 Week Range24.100 - 39.150
Volume10,389,252
Avg. Volume5,859,508
Market Cap118.893B
Beta (3Y Monthly)0.58
PE Ratio (TTM)107.30
EPS (TTM)0.342
Earnings DateN/A
Forward Dividend & Yield0.13 (0.37%)
Ex-Dividend Date2019-05-28
1y Target Est35.10
  • Bloomberg3 days ago

    Budweiser’s IPO Failure Would Be a Big Strategic Blow

    (Bloomberg Opinion) -- There’s a staring contest going on between Anheuser-Busch InBev NV and investors in initial public offerings. At issue is the price of the jumbo IPO of the Belgian brewer’s Asian business. Unfortunately for AB InBev, investors have the harder gaze.The deal is struggling to get priced, and its arrangers may revise the terms, Bloomberg News reported Friday. This is going to be a tense weekend – Monday is the deadline for the shares to be sold.It’s not hard to see why there’s a standoff. AB InBev knows that Budweiser Brewing Company APAC Ltd is an attractive asset. With an approximate $60 billion market value, it could be a large, liquid stock. It has a unique expansion story with strong organic growth supplemented by likely M&A. Hence AB InBev set a very punchy price range.But to get big deals done you have to entice enough buyers. And investors have one advantage: Their need to buy is less than AB InBev’s necessity to sell.While one benefit of the deal is that the proceeds would bring down the giant brewer’s leverage, this is not the main upside. Raising $8 billion to $10 billion is only going to dent net debt that stood at $103 billion on Dec. 31 (almost 5 times trailing Ebitda).The real bonus for AB InBev – as Duncan Fox of Bloomberg Intelligence says – would be securing an acquisition currency to do deals in Asia without potentially taking its leverage back up again. Net debt hit 6.7 times Ebitda after the 2016 purchase of SABMiller.AB InBev isn’t the only European brewer seeking Asian growth. Heineken NV is breathing down its neck with a partnership with China Resources Beer Holdings Co. and Carlsberg A/S has a thirst for the region too. There will be a real opportunity cost in failing to get the IPO away if AB InBev’s rivals are able to outbid it for attractive assets in the coming year.Of course, AB InBev isn’t totally constrained. It could yet turn to bond investors to fund further M&A. The debt markets are favorable – some of the Belgian company’s bonds are yielding even less than 1%. Still, gearing up is an unattractive option when leverage is already high.The number of global IPOs surged in the last three months, including in Asia, so it would look odd if this one doesn’t make it. Meanwhile, the brewer’s Asian staff expect to become part of a new separate company. Failure to get the deal done won’t help morale. Taken together, this puts the onus on AB InBev to get plan A away and secure the acquisition currency rather than fighting over the last cent of value here. And investors know it.To contact the author of this story: Chris Hughes at chughes89@bloomberg.netTo contact the editor responsible for this story: James Boxell at jboxell@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Chris Hughes is a Bloomberg Opinion columnist covering deals. He previously worked for Reuters Breakingviews, as well as the Financial Times and the Independent newspaper.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • All You Need To Know About China Resources Beer (Holdings) Company Limited's (HKG:291) Financial Health
    Simply Wall St.7 days ago

    All You Need To Know About China Resources Beer (Holdings) Company Limited's (HKG:291) Financial Health

    China Resources Beer (Holdings) Company Limited (HKG:291), a large-cap worth HK$121b, comes to mind for investors...

  • Are Insiders Buying China Resources Beer (Holdings) Company Limited (HKG:291) Stock?
    Simply Wall St.last month

    Are Insiders Buying China Resources Beer (Holdings) Company Limited (HKG:291) Stock?

    We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly...

  • Budweiser’s Asian IPO Passes the Taste Test
    Bloomberg2 months ago

    Budweiser’s Asian IPO Passes the Taste Test

    Budweiser Brewing Company APAC Ltd. filed on Friday to sell shares in Hong Kong, in what may be the city’s biggest initial public offering of the year. AB InBev is targeting a July listing for the unit that could raise at least $5 billion, Crystal Tse and Daniela Wei of Bloomberg News reported, citing people familiar with the matter. Partakers will get a share of a business that has a lock on the most lucrative segment of the world’s biggest beer market, China, as well as ranking first in its next two biggest markets: Australia and South Korea.

  • Did Business Growth Power China Resources Beer (Holdings)'s (HKG:291) Share Price Gain of 111%?
    Simply Wall St.2 months ago

    Did Business Growth Power China Resources Beer (Holdings)'s (HKG:291) Share Price Gain of 111%?

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift...

  • Is China Resources Beer (Holdings) Company Limited (HKG:291) Potentially Undervalued?
    Simply Wall St.3 months ago

    Is China Resources Beer (Holdings) Company Limited (HKG:291) Potentially Undervalued?

    China Resources Beer (Holdings) Company Limited (HKG:291) led the SEHK gainers with a relatively large price hike in the past couple of weeks. With many analysts cov...

  • Reuters4 months ago

    China brewer Tsingtao annual profit rises 12.6 pct, matches forecast

    China's second-largest beer maker Tsingtao Brewery Co Ltd posted a 12.6 percent rise in 2018 net profit, helped by its efforts to control costs, prevent excess production, enhance product mix and boost efficiency. The iconic Chinese beer maker, which competes with larger local rival China Resources Beer (Holdings) Co Ltd, made a net profit of 1.42 billion yuan ($210.7 million) for the January to December period, versus 1.26 billion yuan a year earlier, the brewer said in a filing to the Hong Kong bourse late on Thursday. It was the highest profit since 2015 when it reported profit of 1.71 billion yuan.

  • Reuters4 months ago

    BRIEF-China Resources Beer Holdings Co Ltd Posts FY Profit Attributable RMB977 Mln

    March 20 (Reuters) - China Resources Beer Holdings Co Ltd : * FY PROFIT ATTRIBUTABLE RMB 977 MILLION VERSUS RMB1,175 MILLION * FY TURNOVER RMB 31,867 MILLION VERSUS RMB29,732 MILLION * BOARD OF DIRECTORS ...

  • If You Had Bought China Resources Beer (Holdings) Stock Three Years Ago, You Could Pocket A 99% Gain Today
    Simply Wall St.4 months ago

    If You Had Bought China Resources Beer (Holdings) Stock Three Years Ago, You Could Pocket A 99% Gain Today

    One simple way to benefit from the stock market is to buy an index fund. But if you buy good businesses at attractive prices, your portfolio returns could exceed theRead More...

  • What Does China Resources Beer (Holdings) Company Limited’s (HKG:291) P/E Ratio Tell You?
    Simply Wall St.5 months ago

    What Does China Resources Beer (Holdings) Company Limited’s (HKG:291) P/E Ratio Tell You?

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! The goal of this article is toRead More...

  • Has China Resources Beer (Holdings) Company Limited (HKG:291) Got Enough Cash?
    Simply Wall St.5 months ago

    Has China Resources Beer (Holdings) Company Limited (HKG:291) Got Enough Cash?

    China Resources Beer (Holdings) Company Limited (HKG:291), a large-cap worth HK$89b, comes to mind for investors seeking a strong and reliable stock investment. Most investors favour these big stocks due Read More...

  • Reuters6 months ago

    AB InBev considers partial IPO of Asian business -bankers

    BRUSSELS/HONG KONG (Reuters) - Anheuser-Busch InBev (ABI.BR), the world's largest brewer, is considering raising billions of dollars in a partial flotation of its Asian operations, two Asian banking sources said, in a deal that would help to ease its debt burden. The Belgium-based maker of Budweiser, Corona and Stella Artois has been discussing a possible multibillion-dollar listing in Hong Kong, one banker said on Friday. AB InBev declined to comment on the matter.

  • Have You Considered This Before Investing In China Resources Beer (Holdings) Company Limited (HKG:291)?
    Simply Wall St.7 months ago

    Have You Considered This Before Investing In China Resources Beer (Holdings) Company Limited (HKG:291)?

    Two important questions to ask before you buy China Resources Beer (Holdings) Company Limited (HKG:291) is, how it makes money and how it spends its cash. This difference directly flows Read More...

  • Is China Resources Beer (Holdings) Company Limited’s (HKG:291) CEO Pay Justified?
    Simply Wall St.7 months ago

    Is China Resources Beer (Holdings) Company Limited’s (HKG:291) CEO Pay Justified?

    Xiaohai Hou has been the CEO of China Resources Beer (Holdings) Company Limited (HKG:291) since 2016. First, this article will compare CEO compensation with compensation at other large companies. After Read More...

  • Reuters8 months ago

    BRIEF-China Resources Beer Holdings Approved And Adopted A Dividend Policy On Nov 21

    Nov 21 (Reuters) - China Resources Beer Holdings Co Ltd : * BOARD HAS APPROVED AND ADOPTED A DIVIDEND POLICY ON NOV 21 * ANNUAL DIVIDEND TO BE DISTRIBUTED TO SHAREHOLDERS SHALL BE NOT LESS THAN 20% OF ...

  • Can We See Significant Institutional Ownership On The China Resources Beer (Holdings) Company Limited (HKG:291) Share Register?
    Simply Wall St.8 months ago

    Can We See Significant Institutional Ownership On The China Resources Beer (Holdings) Company Limited (HKG:291) Share Register?

    Every investor in China Resources Beer (Holdings) Company Limited (HKG:291) should be aware of the most powerful shareholder groups. Institutions often own shares in more established companies, while it’s not Read More...

  • Asian Markets Fall; China’s Xi Promises to Lower Tariffs
    Investing.com8 months ago

    Asian Markets Fall; China’s Xi Promises to Lower Tariffs

    Investing.com - Asian markets were mostly lower in afternoon trade on Monday as U.S.-China trade tension returned to focus.

  • Investing.com8 months ago

    China Resources Beer Acquires Heineken’s China and Hong Kong Units

    Investing.com - Alcoholic beverage retailer China Resources Beer Holdings Co Ltd (HK:0291). acquired seven of Heineken’s China and Hong Kong businesses via its wholly-owned subsidiary China Resources Snow Breweries in a deal worth more than HK$2.35 billion (US$300 million), according to the company’s statement on Monday.

  • Reuters8 months ago

    BRIEF-China Resources Beer Holdings Co Says Group Entered Master Share Purchase Agreement With Heineken Group

    Nov 5 (Reuters) - China Resources Beer Holdings Co Ltd : * GROUP ENTERED INTO A MASTER SHARE PURCHASE AGREEMENT WITH HEINEKEN GROUP * CO VIA UNIT TO ACQUIRE HEINEKEN CHINA TARGET COMPANIES Source text ...

  • Reuters8 months ago

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

    Nov 4 (Reuters) - Heineken Nv: * HEINEKEN AND CHINA RESOURCES SIGN DEFINITIVE AGREEMENTS TO JOIN FORCES IN CHINA * SIGNED DEFINITIVE AGREEMENTS WITH CHINA RESOURCES ENTERPRISE AND CHINA RESOURCES BEER ...

  • Simply Wall St.9 months ago

    Why Fundamental Investors Might Love China Resources Beer (Holdings) Company Limited (HKG:291)

    Building up an investment case requires looking at a stock holistically. Today I’ve chosen to put the spotlight on China Resources Beer (Holdings) Company Limited (HKG:291) due to its excellent Read More...

  • Is There Now An Opportunity In China Resources Beer (Holdings) Company Limited (HKG:291)?
    Simply Wall St.10 months ago

    Is There Now An Opportunity In China Resources Beer (Holdings) Company Limited (HKG:291)?

    Let’s talk about the popular China Resources Beer (Holdings) Company Limited (HKG:291). The company’s shares saw significant share price volatility over the past couple of months on the SEHK, risingRead More...

  • Reuters11 months ago

    China brewer Tsingtao says H1 profit rises 13.4 pct on tighter cost control

    HONG KONG, Aug 28 (Reuters) - China's second largest beer maker Tsingtao Brewery Co Ltd said on Tuesday first-half profit rose 13.4 percent helped by its efforts to control costs, prevent excess production ...

  • Has China Resources Beer (Holdings) Company Limited’s (HKG:291) Earnings Momentum Changed Recently?
    Simply Wall St.11 months ago

    Has China Resources Beer (Holdings) Company Limited’s (HKG:291) Earnings Momentum Changed Recently?

    When China Resources Beer (Holdings) Company Limited (HKG:291) released its most recent earnings update (30 June 2018), I compared it against two factor: its historical earnings track record, and theRead More...