Changes in Hong Kong stocks | Beer stocks are picking up today, institutions expect the beer consumption scenario to improve in the fourth quarter under a low base

The Zhitong Finance App learned that beer stocks picked up today. As of press release, China Resources Brewery (00291) rose 4.64% to HK$19.83; Budweiser Asia Pacific (01876) rose 3.71% to HK$5.87; and Tsingtao Brewery shares (00168) rose 3.38% to HK$39.74.

According to the news, Tsingtao Brewery announced that the company achieved cumulative revenue of 28.035 billion yuan in the first three quarters, down 4.53% year on year; net profit to mother was 5,055 billion yuan, down 4.16% year on year. Affected by factors such as weak consumption, in the first three quarters, the company achieved cumulative product sales volume of 6.465 million kiloliters, and the main brand of Tsingtao Brewery achieved sales volume of 3.95 million kiloliters. Among them, sales of high-end products reached 2.994 million kiloliters, an increase of 2% over the previous year.

Guosheng Securities previously released a research report saying that currently, beer is gradually entering the low season. We expect the beer consumption scenario to improve in 26Q4, interpreting the logic of food recovery transmission and leading restoration of high-quality faucets. It is recommended to select large single products such as Yanjing Beer and Pearl River Beer, which contribute strong α, and steady distribution of leading and high dividend marks such as Chongqing Beer, China Resources Beer, and Tsingtao Brewery.