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27106 UB-CRBH@EC2503A (CALL)
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21/08/2024 14:30

{I-bank focus}UBS lowers China Res Beer (00291) to HKD29.43

[ET Net News Agency, 21 August 2024] UBS lowered the target price for China Res Beer
(00291) to HKD29.43 from HKD43.70 and maintained the "buy" rating.
The research house said it cuts earnings forecasts for 2024-26E by 11-18%, as it trims
beer ASP and volume assumptions, mainly due to the deceleration in premium segment sales
growth with consumers reducing on-premise beer consumption. (rc)

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