Deutsche Bank: CR Beer's profit margin may further expand.

Deutsche Bank analyst Han Zhang stated in a report that with the support of operating leverage, the trend of rising operating profit margin for China Resources Beer is likely to continue until 2026. Following a strong start to sales in the first two months of 2026, the bank has raised its expected EBITDA for 2026-2028 by an average of 3%. The bank has also raised the target price for China Resources Beer from HK$37.30 to HK$39, while maintaining a buy rating. The company's stock price rose by 4.25% to HK$25.04.