Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
00168 TSINGTAO BREW
RTNominal unchange58.800 0.000 (0.000%)
Research Report

30/03/2021 10:02

{I-bank focus}Daiwa upgrades Tsingtao Brew (00168) to HK$78

[ET Net News Agency, 30 March 2021] Daiwa Research lifted its target price for Tsingtao
Brewery (00168) to HK$78 from HK$70 and upgraded its rating to "outperform" from "hold" as
the share price has retreated by 16% year-to-date.
The research house said Tsingtao's 2020 net profit of CNY2.20bn was largely in line with
Daiwa's estimate. It revised up its 2021-22 revenue forecasts by 4-8% on higher ASP
assumptions, and lowered its 2021 EPS estimate by 2% on share incentive expenses, but
raised its 2022 EPS by 2% on an improving gross margin.
Together with increasing barley and packaging cost pressure in 2021, Daiwa forecast the
EBTIDA margin to remain flat at 12.9% for 2021. (KL)

Remark: Real time quote last updated: 22/10/2021 08:21
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2021 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.