[ET Net News Agency, 10 November 2023] Daiwa lowered its target price for China Res
Beer (00291) to HKD60 from HKD73.8 and maintained its "buy" rating.
The research house said it cuts 2023-25E EPS by 3-8% on more realistic expectations for
volumes and gross margins considering the macro challenges.
The key risk is soft consumer sentiment. (RC)