HK Stock Market Move | CR BEVERAGE (02460) rises nearly 7% in the morning session. The company is expected to be included in the Hong Kong stock connect list, which institutions believe will significantly improve liquidity.

date
24/02/2025
avatar
GMT Eight
CR BEVERAGE (02460) rose nearly 7% in early trading, rising by 6.15% to HK$12.42 by the time of writing, with a trading volume of HK$56.9724 million. On the news front, on February 21st, Hang Seng Index Company announced the latest quarterly review results, with CR BEVERAGE included in the Hang Seng Composite Index. All changes will be implemented after the market closes on March 7, 2025 (Friday) and will take effect from March 10, 2025 (Monday). According to a CITIC SEC research report, CR BEVERAGE may be included in the Stock Connect scheme, as it meets a series of criteria including market value, liquidity, and listing time. Guosen Securities pointed out that CR BEVERAGE's packaged water business has a solid leading position in the purified water segment, with growth potential expected as the packaged water market continues to expand. The company's focus on high-quality products, such as Zumobenqingrun in the second-line beverage business, may contribute to high growth. The company is continuously increasing its in-house production ratio to improve profitability. With improved liquidity expected after inclusion in the Stock Connect, a clear trend of improving net profit margin in the medium to long term, it is recommended to pay close attention to the company.

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