China Resources Beer hits near 9-year low as H1 profit drops
19/08/2026 06:53
BUZZ-China Resources Beer hits near 9-year low as H1 profit drops ** Shares of China Resources Beer 0291.HK fall 5.8% to HK$20.88, their lowest level since December 2017
** Stock set for the biggest one-day pct drop since April 7, 2025
** Chinese brewer said its first half revenue down 1.2% y/y to 24.24 billion yuan ($3.60 billion), profit attributable down 10.7% y/y to 5.17 billion yuan
** YTD, stock down 18.8%, benchmark Hang Seng Index .HSI down 0.6%
($1 = 6.7403 Chinese yuan renminbi)
(Reporting by Donny Kwok)
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