China Resources Beverage sinks to 5-month low on weak H1 forecast

China Resources Beverage (Holdings) Co

28/07/2025 06:35

** Shares of China Resources Beverage 2460.HK drop 14.2% to HK$11.16, their lowest since February 21

** Stock on track for third straight session of decline

** Stock on course for the biggest one-day pct decline since debut on October 23, 2024, if trend holds

** The Chinese packaged water and beverage products maker  expects its H1 net profit to drop 20%-30% y/y as the firm increased investment in marketing resources and adjusted  product portfolio, among others

** Hang Seng Composite Industry Index tracking consumer staples .HSCICS falls 1%, while benchmark Hang Seng Index .HSI adds 0.4%

** YTD, stock down 1.5%

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))