Chinese beer brewers climb as analysts see sales growth, price hikes

China Resources Beer Holdings Co

08/06/2021 03:12

** Shares in China's beer brewers climb, as analysts see
sales growth in peak season and price hikes 
    ** Leading the pack, dual-listed Tsingtao Brewery Co Ltd
 600600.SS  0168.HK  climbs as much as 5.8% in Shanghai to an
all-time high, and 6.1% in Hong Kong, also to a new high 
    ** Tibet Development  000752.SZ , China Resources Beer
Holdings Co Ltd  0291.HK  and Yanjing Huiquan  600573.SS  rise
between 2% and 4.2% 
    ** As temperatures rise and the European Cup and Olympic
Games near, beer will witness a round of strong stocking, TF
Securities says in report, adding that brewers' sales could beat
peak season expectations 
    ** Beer prices are expected to rise further, as leading 
brewers consolidate core markets even as sales peak, Soochow
Securities says in report

 ((luoyan.liu@thomsonreuters.com; Reuters Messaging:
luoyan.liu.thomsonreuters.com@reuters.net))