[ET Net News Agency, 4 June 2021] HSBC Global Research raised its target price for
Tsingtao Brewery (00168) to HK$100 from HK$91 and maintained its "buy" rating.
The research house said it expects the company's domestic sales volume of its major
brands to increase 5% in 2021e. As shown in its sensitivity analysis, if 2020e sales
volume growth of major brands is 2ppt higher than its forecast, 2021e net profit will be
1.9% above its estimate. (RC)