China Resources Beer jumps most in 5 months on strong H1, higher dividend

China Resources Beer Holdings

18/08/2021 08:16

** Shares of China Resources Beer (Holdings) Co Ltd
 0291.HK  jump 7.2% to HK$65.45 - biggest daily pct gain since
March 17
    ** Stock hit highest since Aug. 11; second biggest pct
gainer on Hang Seng China Enterprises Index  .HSCE  
    ** Chinese brewer said its H1 net profit jumped 106.4% from
a year ago period to 4.29 bln yuan ($661.8 mln), boosted by
gains from relocation compensation and an increase in products
price with revenue rising 12.8% to 19.6 bln yuan  urn:newsml:reuters.com:*:nFWN2PO1BP
    ** Owner of Snow brand beer declares an interim dividend of
0.264 yuan per share vs 0.128 yuan each in same period in 2020
    ** Hong Kong shares of rival Tsingtao Brewery  0168.HK  rise
7.6% to HK$70.45, the highest since July 23    
    ** The Hong Kong composite Industry Index tracking consumer
staples  .HSCICS  climbs 0.3% and the Hang Seng Composite Index
 .HSCI  gains 0.6%
    ** The Hang Seng China Enterprises Index  .HSCE  rises 1%and
the benchmark index  .HSI  up 0.4%
    ** As of last close, the stock had fallen 14.5% this year


($1 = 6.4821 Chinese yuan renminbi)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))