Goldman Sachs: CR Beer's FY2023 Performance Meets Expectations, Maintains "Overweight" Rating

2026-03-24 17:51:54

Ask AI · Why does JPMorgan have a positive outlook on China Resources Beer and upgrade its earnings forecast?

【JPMorgan: China Resources Beer’s performance last year met expectations, maintains “Overweight” rating】Cailian Press, March 24 — JPMorgan released a research report stating that the market is expected to revise upward China Resources Beer (00291) earnings forecasts for this year, mainly reflecting better-than-expected beer profit margins and strong sales momentum since the beginning of the year. The bank believes that catalysts for re-rating the stock include stabilized liquor business operations and clearer shareholder return pathways, maintaining an “Overweight” rating with a target price of HKD 38.

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