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JP Morgan cut its target price for China Resources Beer (00291.HK) to HKD28 from HKD34 and kept an Overweight rating. The bank said 1H revenue rose 1.2% YoY v. market +2.2% and net profit fell 11% YoY v. consensus roughly flat. Average selling price

2026-08-20

JP Morgan cut its target price for China Resources Beer (00291.HK) to HKD28 from HKD34 and kept an Overweight rating. The bank said 1H revenue rose 1.2% YoY v. market +2.2% and net profit fell 11% YoY v. consensus roughly flat. Average selling price rose just 0.5% (vs. expected 2%), implying the group is prioritizing market share and mass-market volume over premium-led price gains. JP Morgan sees an attractive risk/reward with the stock trading at about 10x 2027E P/E and a c.5.5% dividend yield, and reduced its target multiple to 14x from 15x to align with global peers.

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2026-08-19

Israeli medical personnel say the two Israeli airstrikes killed 10 Gaza residents.

Israeli medical personnel say the two Israeli airstrikes killed 10 Gaza residents.
2026-08-20

Dongcai Technology's 2026 interim report shows Zhang Jianping is absent from the top-10 shareholders list as of June 30, 2026. In the company's Q1 2026 report, as of March 31, 2026, Zhang held 25.8637 mln shares, ranking the fifth-largest shareholder

Dongcai Technology's 2026 interim report shows Zhang Jianping is absent from the top-10 shareholders list as of June 30, 2026. In the company's Q1 2026 report, as of March 31, 2026, Zhang held 25.8637 mln shares, ranking the fifth-largest shareholder.
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