China Resources Beer 0291

Re: China Resources Enterprise 0291

Postby winston » Fri Jun 19, 2015 4:08 am

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CRE soars on dividend spike

Shares of China Resources Enterprise (0291) leapt to an 18-month high yesterday after the state-backed brewer said it will increase a special dividend as its parent offered HK$2 billion more to buy its assets than initially agreed.

The assets, which include its money-losing retail venture with Tesco, will be sold for HK$30 billion, it said.

The dividend will be raised to HK$12.30 from HK$11.50 a share.

CRE is selling its hypermarket and supermarket business, which has been hurt by the domestic slowdown, to focus on its top-selling Snow beer.

While its beer unit saw first- quarter profit surge almost nine times, underlying earnings at the retail arm fell 28 percent.

Besides paying more, CRE's parent, China Resources Holdings (0836), will also provide a loan of as much as HK$10 billion for a duration of not more than three years.

CRE shares rose 8.2 percent to HK$25.80 the highest level since December 2013.

Source: The Standard HK
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Re: China Resources Enterprise 0291

Postby winston » Fri Jun 19, 2015 7:26 pm

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G Sachs Maintains CHINA RESOURCES(00291.HK) at Buy with Target Price $28.5

Goldman Sachs, in its report, stated that the broker learnt that the average sales prices of China Resources' Snow beer recorded a strong growth in April and the sales increased on a yearly basis after attending CHINA RESOURCES(00291.HK) -0.850 (-3.295%) Short selling $14.37M; Ratio 1.899% ' analyst briefing.

The 2015 beer sales growth was guided at 5-10% with two-thirds coming from average sales price and one-third from volume growth.

It is expected that the margin of Snow beer is steady despite of slightly higher packaging cost for premium products as well as higher SG&A.

The broker mentioned that Kingway plants are still recording a loss but China Resources' Snow beer has begun utilizing its spare capacity to produce Snow brand and share Kingway’s distribution network in South China.

The broker maintained the rating of CHINA RESOURCES at Buy with a target price of $28.5.

Source: AAStocks Financial News
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Re: China Resources Enterprise 0291

Postby winston » Wed Mar 22, 2017 6:57 am

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Beer firm turns red into black

by Esther Yu

China Resources Beer (Holdings) (291) reported its first annual profit in three years in 2016, as it focused on its flagship Snow brand and expanded sales in Chinese cities, while optimizing product mix.

The owner of Chinese beer brand Snow yesterday posted a profit of 629 million yuan (HK$708.58 million) from a restated 4.1 billion yuan loss in 2015 including losses in other businesses, which it sold to its parent in September 2015.

Revenue rose 2.6 percent
to 28.69 billion yuan.

Snow's acquisition in the fourth quarter last year has yet to show its effect on the results, while the contribution may show for the full year this year.

Debt ratio is up from 13.9 percent a year earlier to 20.8 percent this year.

Source: The Standard
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Re: China Resources Beer 0291

Postby winston » Wed Jan 17, 2018 10:41 am

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CHINA RES BEER(291)

Analysis:
China Resources Beer is a beer listed subsidiary company of China Resources (Holdings) Company Limited (“CRH”). The Group focuses on the manufacturing, sales and distribution of beer products.

In October 2016, the Company completed the acquisition of 49% stake of China Resources Snow Breweries Limited (“CRSB”), which became a wholly-owned subsidiary of the Company.

The Group has been in the beer business in China since 1994. Its total sales volume ranked number 1 in the China market since 2006.

The flagship brand“雪花 Snow”has become the largest beer brand by volume worldwide since 2008.

In the near future, the overall prices of beer products in the mainland will rise by 5% to 14%.

It is expected that the average prices of products in the medium term will still have a lot of room for growth.

Strategy:
Buy-in Price: $32.00, Target Price: $36.00, Cut Loss Price: $30.00

Source: Phillips
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Re: China Resources Beer 0291

Postby winston » Mon May 28, 2018 10:10 am

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CHINA RES BEER(291)

Analysis:
China Resources Beer is a beer listed subsidiary company of China Resources Holdings with a focus on the manufacturing, sales and distribution of beer products.

The company has been in the beer business in China since 1994.

Its total beer sales volume ranked number one in the China market since 2006. The flagship brand“雪花 Snow”is the largest beer brand by volume worldwide.“雪花Snow”beer ranked the number one on the“Beer Brand List”for the fourth consecutive years according to Chnbrand, a brand rating agency, released “2017 China Brand Power Index (C-BPI®)”.

The company continues to shut down inefficient factory to improve capacity structure and place importance on upgrading product portfolio, given intensifying consumption upgrade trend in China.

Strategy:
Buy-in Price: $35.50, Target Price: $40 .00, Cut Loss Price: $30.00

Source: Phillips
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Re: China Resources Beer 0291

Postby winston » Fri Aug 03, 2018 3:22 pm

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<Research Report> Daiwa: CHINA RES BEER Kept Outperform on Positive Cooperation with Heineken

Daiwa issued a research report covering CHINA RES BEER (00291.HK), which has entered into a long-term strategic cooperation agreement with Heineken, who granted the exclusive trademark licensing to CHINA RES BEER in Mainland China, Hong Kong and Macau areas, while becoming an investor of the Chinese beer maker.

The bank believes Heineken could contribute to the upgrade of CHINA RES BEER's brandname.

CHINA RES BEER is maintained Outperform by Daiwa with target price set at $39.

Source: AAStocks Financial News
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Re: China Resources Beer 0291

Postby winston » Mon Aug 06, 2018 7:54 am

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Heineken, China Resources Beer aim for high end in US$3b deal

Heineken NV said it has agreed to sell its China operations and take a 40 percent stake in a firm controlling the country's biggest beer maker state-owned China Resources Beer Co in a US$3.1 billion deal.

Under the deal, Heineken will inject its operating assets including three breweries in China into CR Beer for HK$2.4 billion, while China Resources Enterprise, which owns CR Beer, will acquire 0.9 percent of Heineken shares for 464 million euros, Reuters reports.

Combined, these transactions will result in a net investment of 1.9 billion euros by Heineken, the two firms said in a joint statement.

Chen Lang, the chairman of China Resources Enterprise, said in a joint statement that with Heineken’s long heritage and world-class iconic brand portfolio, along with our leading presence and deep understanding of China, we believe we can win together in this new era of the Chinese beer market, in which the premium segment will become increasingly important.

Heinken chairman, Jean-François van Boxmeer, said, Heineken believes that the company's "strong brand and marketing capabilities, combined with China Resources Beer’s deep understanding of the local market, its scale and best-in-class distribution network, will create a winning combination in the growing premium beer segment in China.''

Source: Reuters

http://www.thestandard.com.hk/breaking- ... 0803&sid=2
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Re: China Resources Beer 0291

Postby winston » Tue Aug 07, 2018 11:06 am

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CHINA RES BEER(291)

Analysis:

The Group is engaged in retail, beer, food and beverage businesses, a subsidiary of China Resources.

The revenue in 2017 was 29.73 billion RMB, 3.6% growth YoY, while the net profit dropped by 16.4%, around 11.86 billion RMB.

The national brand “雪花Snow” accounted for approximately 90% of the total beer sales volume of the Group.

Currently, the customers are demanding for higher quality products, leading to the increase in the proportion of middle and high-end beer products.

In 2 Aug 2018, Heineken was introduced to the Group as a strategic shareholder, and entitled equity interest of 20.67%; the parent company “China Resource” in turn owned 0.9% of Heineken.

The Group will be responsible for the sales of Heineken Beer in China, enriching the high-end products for the Group.

It could facilitate the development i n high-end market for the Group, and improve the poor sales channels for Heineken`s products.

Strategy:
Buy-in Price: $34.50, Target Price: $38.50, Cut Loss Price: $33.00

Source: Phillips
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Re: China Resources Beer 0291

Postby winston » Tue Nov 06, 2018 7:07 am

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$2.3b beer buyout fails to cheer punters

by Tereza Cai

China Resources Beer (0291) has signed an agreement to buy Heineken's mainland and Hong Kong business for HK$2.35 billion.

The company said its wholly owned subsidiary, China Resources Snow Breweries, will buy entire equity interest of six mainland established companies, namely Heineken (China) Management Services, Heineken Trading (Shanghai), Heineken (Shanghai), Heineken Brewery (Guangzhou), Heineken Brewery (Zhejiang), and Heineken Brewery (Hainan), in addition to Heineken Hong Kong.

The six mainland companies recorded a net loss of 62.9 million yuan (HK$71.12 million) in total in 2017, and the net loss of Hong Kong business in 2017 was 3.9 million yuan.

Moreover, China Resources Beer has also entered into an agreement to use the Heineken brand in mainland China, Hong Kong, and Macau, and was allowed to leverage on the Heineken's global distribution channels to support the international growth of brands, as part of an earlier collaboration.

In August, China Resources Beer's direct controlling shareholder CRL sold 40 percent of its issued share capital to Heineken for HK$24.35 billion.

Shares in China Resources Beer plunged 3.81 percent to HK$27.75.

Source: The Standard

http://www.thestandard.com.hk/section-n ... r=20181106
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Re: China Resources Beer 0291

Postby winston » Wed Nov 07, 2018 1:08 pm

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CHINA RES BEER(291)
Analysis:

The company announced that its wholly owned subsidiary Snow Breweries will acquire 100% shares of Heineken Group, including several companies in PRC, HK and Macao, with a consideration of HKD2.35bn.

The Heineken Group is engaged in producing, manufacturing, packaging, distributing, marketing and selling beer, non-alcoholic beer and a range of other beverages.

The acquisition will facilitate the company to expand its selling network.

CR Beer is a leading beer enterprise in China. The unaudited consolidated turnover and profit attributable to shareholders for 18H1 were RMB17,565mn and RMB1,508mn, representing an increase of 11.4% and 28.9%, respectively.

Its earnings before interest and taxation in 18H1 increased by 22.3% to RMB2,064mn yoy.

Strategy:
Buy-in Price: $27.50, Target Price: $35.00, Cut Loss Price: $ 24.00

Source: Phillips
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