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55201 UB#HSI RC2711O (R BULL)
RT Nominal up0.064 +0.011 (+20.755%)

31/10/2024 15:12

{I-bank focus}Morgan raises China Res Beer (00291) to HKD34

[ET Net News Agency, 31 October 2024] Morgan Stanley raised the target price for China
Res Beer (00291) to HKD34 from HKD32 and maintained the "overweight" rating.
The research house said it lowers GPM assumptions 0.5/1.1/1.3ppts for the respective
years due to weaker medium/high-end segment sales, but still expects margin expansion.
(rc)

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