HK Stock Market Move | Eastroc Beverage (09980) falls nearly 4% to a new low; second-quarter performance growth slows; market worries about the impact of subsequent PET packaging material costs.

Eastroc Beverage (09980) fell nearly 4%, touching an intraday low of HK$95.8, a new low since listing. As of press time, it was down 3.46% at HK$96.2, with a turnover of HK$64.0952 million. On the news front, in the first half of this year, Eastroc Beverage achieved revenue of RMB 12.436 billion, up 15.87% year-on-year; profit for the year attributable to owners of the parent company was RMB 2.867 billion, up 20.72% year-on-year. Looking at the second quarter alone, the company's revenue was RMB 6.555 billion, up 11.3% year-on-year; net profit was RMB 1.609 billion, up 15.4% year-on-year; while in the first quarter of this year, Eastroc Beverage's revenue and net profit year-on-year growth rates were both above 20%. BOCI stated that, taking into account the impact of changes in product mix and rising PET packaging material costs in the second half of the year on the profit structure, the bank expects the company's revenue for 2026-2028 to be RMB 24.18 billion, RMB 27.88 billion, and RMB 31.71 billion, respectively, with year-on-year growth rates of +15.8%, +15.3%, and +13.8%, respectively, and net profit attributable to the parent company to be RMB 5.12 billion, RMB 5.69 billion, and RMB 6.48 billion, respectively, with year-on-year growth rates of +16.0%, +11.0%, and +14.0%, respectively.