Tsingtao's 2016 Earnings Were Lower Than Expected; Shares Remain Overvalued
Narrow-moat-rated Tsingtao Brewery’s 2016 earnings were worse than our expectations, with net profit declining 39% year on year to CNY 1.04...
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2016 FY Result - And 2017 Outlook
FY 2016 result is out: Profit +126% Sales Volume +50% ASP +22% Revenue +78% FCF +35% baring increase in CapEx Cash Dividend increased to HKD 12...
152 Views
Tsingtao Beer's Sales Volume Expected to Drop 2% in 4Q; Shares Remain Overvalued
Beer industry production volume in fourth-quarter 2016 was slightly better than our expectations, with 1% year-on-year decline compared with the...
184 Views
Sector Capsule: Bottled Water in China
Headlines In 2016, off-trade sales of bottled water increase by 8% in volume terms and 11% in current value terms, to reach 42.1 billion litres...
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Issues Raised by WH Group and US Pork
Should we be concerned that a Chinese pork producer is buying the largest hog producer in the US? Growing concerns over food safety and problems...
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