CICC: Maintains rating of CR Beer (00291) outperforming the industry, with a target price of HKD 32.4.

The Wisdom Financial APP learned that Zhongjin issued a research report stating that it basically maintains the core net profit of China Resources Beer (00291) at 53.1/57.5 billion yuan in 2025/26. The target price is maintained at HK$32.4, with the current stock price corresponding to 15.7/14.6X core P/E in 2025/26. The target price corresponds to 18/17X core P/E in 2025/26, with 15% upside potential from the current price, maintaining an outperform industry rating.