|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||8.53 - 8.69|
|52 Week Range||6.59 - 9.93|
|Beta (3Y Monthly)||0.28|
|PE Ratio (TTM)||62.07|
|Forward Dividend & Yield||0.02 (0.20%)|
|1y Target Est||N/A|
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.
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...
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...
China's top brewer China Resources Beer (Holdings) Co Ltd posted a 29 percent rise in first-half net profit on Friday thanks to higher prices and improved sales of premium beers, a trend it said would continue. The owner of the Snow beer brand - which out-sells all others but is almost unknown outside China - said profit rose to 1.51 billion yuan ($219.4 million) for the six months ended June, up from 1.17 billion yuan a year earlier. Heineken, the world's No. 2 brewer, is taking a $3.1 billion stake in the parent of China Resources Beer to tap a growing thirst for premium brands in the world's biggest beer market.
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.
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.
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 NV is buying a $3.1 billion stake in the firm controlling China Resources Beer, China's largest brewer, as the companies seek to tap a growing thirst for premium brands in the world's biggest beer market. Heineken, the world's No. 2 brewer, will take a 40 percent stake in CRH Beer for HK$24.35 billion ($3.1 billion), giving it a strong distribution network in China and greater access to one of the world's fastest-growing premium beer sectors. For CR Beer, the maker of the locally popular Snow beer, the deal is a way to crack into the foreign-dominated premium sector at a time when demand for lower-end brands has waned with Chinese consumers wanting higher-end beverages like craft beer.
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 ...
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...
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.