China Resources Beer Holdings (291) Earnings: 1H Selling Expenses Beat Estimates with Strong Net Income and Revenue

China Resources Beer Holdings on Smartkarma

Analyst coverage on China Resources Beer Holdings by Rikki Malik on Smartkarma highlights positive sentiment towards the company. In the report titled “China Resources Beer Holdings (291.HK) Starts 2024 with a Bang!”, it is noted that the Baijiu Division, crucial for a potential rerating, has seen a significant 50% year-on-year increase in sales in the first two months of the year. The core beer business also continues to perform well, with full-year 2023 results and 2024 forecasts indicating steady progress. The company’s premiumisation strategy is benefiting its beer division, contributing to its positive outlook.

In another report titled “Cheers! Raise a Glass to China Resources Beer (0291.HK)“, Rikki Malik emphasizes that the company is a quality Chinese red chip investment at an attractive valuation. The company’s growth in sales and margins, driven by its premium strategy, positions it well to benefit from the recovering Chinese consumption trend. The report views China Resources Beer as a liquid proxy for China’s consumption recovery, with management in alignment with shareholders and minimal technology regulation risks, highlighting its overall positive prospects in the market.

A look at China Resources Beer Holdings Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

China Resources Beer (Holdings) Company Limited, an alcoholic beverage retailer, has recently been evaluated using Smartkarma Smart Scores. With a significant emphasis on growth and resilience, the company scored high in these areas with a rating of 4 out of 5 for both. This suggests that China Resources Beer Holdings is showing promising signs of expansion and a strong ability to withstand market fluctuations or unforeseen challenges.

However, the company received lower scores of 2 out of 5 for both value and dividend, indicating that investors may find better opportunities elsewhere in terms of value and dividend payouts. The momentum score also stood at 2, suggesting a neutral stance in terms of short-term market performance. Overall, the long-term outlook for China Resources Beer Holdings seems positive based on its growth and resilience scores, positioning it well for future opportunities and challenges in the alcoholic beverage industry.

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