MBTBREW@EC2705A

Tsingtao Brewery Launches Promotions for the World Cup

CITIC Securities and DBS Reiterate Buy Rating for Tsingtao Brewery with Target Price

Tsingtao Beer Reports Q1 2026 Net Profit Growth Amid Revenue Decline

Morgan Stanley Downgrades Tsingtao Beer's Earnings Forecast and Raises Target Price

Tsingtao Brewery's Net Profit Increased by 5.23% in Q1

TSINGTAO BREW released FY2026 Q1 earnings on April 27 During-Market (BJT), actual revenue HKD 11.66 B (forecast HKD 11.44 B), actual EPS HKD 1.4954 (forecast HKD 1.4495)

TSINGTAO BREW to release FY2026 Q1 earnings on April 27 during market hours (BJT), forecast revenue HKD 11.44 B, EPS HKD 1.4495

Bernstein Maintains Buy Rating on Tsingtao Brewery and Sets Target Price at HKD 69

Tsingtao Brewery Announces 5.60% YoY Net Profit Growth and Dividend Plan for 2025

TSINGTAO BREW released FY2025 Annual Earnings on March 26 After-Market (BJT), actual revenue HKD 35.49 B (forecast HKD 36.37 B), actual EPS HKD 3.6759 (forecast HKD 3.7927)

TSINGTAO BREW released FY2025 Q4 earnings on March 26 After-Market (BJT), actual revenue HKD 3.455 B (forecast HKD 3.433 B), actual EPS HKD -0.5591 (forecast HKD -1.2657)

Rizhong Life Insurance Increases Holding in Tsingtao Brewery Shares

TSINGTAO BREW to Release FY2025 Earnings on March 26 After-Market (BJT), Forecast Revenue HKD 37.11 B, EPS HKD 3.8699

JPMorgan Increases Holdings in Tsingtao Brewery to 5.06%

Rizhong Life Insurance Increases Stake in Tsingtao Brewery

Tsingtao Brewery Signs Multiple Related Party Agreements

Citi Downgrades Tsingtao Beer's Net Profit Forecast, Raises Target Price to HKD76.1

Rui Zhen Life Insurance Increases Holdings in Tsingtao Brewery H Shares at Year-End

RLIC Increased Its Stake in Tsingtao Brewery to 5%

Tsingtao Brewery Plans to Invest Up to 10 Billion RMB in Wealth Management Over 12 Months

JOLIMARK

TIMES UNI GP

APEX ACE HLDG

VPOWER GROUP

GW TIANDI

FUJING HOLDINGS

TEAMWAY INTL GP

SFSY NEW MAT

FDB HOLDINGS

KEEN OCEAN

002209

600600

00168

159843

515170

FTXG

159736

Tech-long (002209): Won the procurement project of Tsingtao Brewery Youjia (Tianjin) Natural Mineral Water Co., Ltd., with a bid amount of 1.23 million yuan

同壁财经

Tech-long

Tsingtao Brewery

TSINGTAO BREW

China Merchants Guozheng Food and Beverage ETF

ChinaAMC CSI Food & Beverage Sub-Industry ETF

First Trust NASDAQ Food & Beverage

Tianhong CSI Food and Beverage ETF

Tech-long (002209): Won the procurement project of Tsingtao Brewery Youjia (Tianjin) Natural Mineral Water Co., Ltd., with a winning amount of 1.23 million yuan

000729

512690

161725

Five of the seven beer companies listed in mainland China reported increased gross profit margins in Q1, driven by a shift towards high-end products. The combined net profit for these companies reached CNY2.6 billion (USD390 million), a 6.1% year-on-year increase. Notably, Tsingtao Brewery's net profit rose 5.2% to CNY1.8 billion, while Yanjing Brewery saw a 60.2% surge to CNY265 million. Despite these gains, beer production in China has declined for two consecutive years, prompting companies to focus on off-premises sales and product upgrades.

Yicai

Yanjing Brewery

Penghua CSI Alcoholic Drink ETF

China Merchants CSI Liquor Index Fund-A

Premium Beer Strategy Swells Profit Margins at Chinese Brewers

Citic Securities has reaffirmed a Buy rating for Tsingtao Brewery Co (TSGTF) as of April 29, setting a price target of HK$60.00, while the shares closed at HK$54.00. The overall analyst consensus is a Strong Buy with an average price target of HK$62.70, indicating a potential upside of 16.10%. Additionally, DBS also maintains a Buy rating with a price target of HK$65.00.

Tip Ranks

CITIC Securities Co., Ltd.

CITIC SEC

Citic Securities Remains a Buy on Tsingtao Brewery Co (TSGTF)

Morgan Stanley has raised the target price for Tsingtao Brewfrom HKD51 to HKD56, maintaining an Equalweight rating. The broker updated its earnings forecasts, lowering them by 5.6% for this year and 5.5% for next year, while keeping sales volume and average selling price growth forecasts stable. A new earnings forecast for 2028 of RMB6 billion was introduced, with expected net profit growth of 7%, 10%, and 12% for 2026, 2027, and 2028, respectively.

AASTOCKS News

Morgan Stanley

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MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

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MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

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M Stanley Raises TSINGTAO BREW  TP to HKD56; Rating Equalweight

Tsingtao Brewery Co (HK:0168) has announced its board composition, which includes a chairman, two executive directors, one employee director, and four independent non-executive directors. The board aims to balance operational leadership with governance. Additionally, the company detailed the membership of three key committees: Audit & Internal Control, Nomination & Remuneration, and Strategy & Investment, enhancing transparency for investors. The latest analyst rating for Tsingtao Brewery stock is a Buy, with a price target of HK$67.00, and the company has a market cap of HK$82.97B.

Tsingtao Brewery Outlines Board Composition and Key Committee Roles

Bernstein analyst maintained a Buy rating on Tsingtao Brewery Co today and set a price target of HK$69.00.Claim 30% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks The word on The Street in general, suggests a Strong Buy analyst consensus rating for Tsingtao Brewery Co with a HK$62.66 average price target.

AllianceBernstein

Bernstein Remains a Buy on Tsingtao Brewery Co (TSGTF)

Tsingtao Brewery (OTCMKTS:TSGTY) is set to announce its quarterly earnings on March 27, with analysts predicting a loss of $0.4818 per share and revenue of $442.58 million. The company's shares opened at $31.19, with a 50-day moving average of $32.57 and a 52-week range between $29.80 and $38.70. Tsingtao Brewery, established in 1903, is a leading beer producer in China, known for its quality lagers and extensive export network.

Market Beat

Tsingtao Brewery (TSGTY) Expected to Announce Quarterly Earnings on Friday

$TSINGTAO BREW(00168.HK) First take: Due to the continued weak macro environment, Tsingtao Brewery's Q3 report still showed declines in both volume and price, but there was some improvement compared to Q2.1) Revenue was 21.6 billion yuan, down 5.3% year-on-year. Among them, sales volume: In Q3, Tsingtao Brewery achieved a sales volume of 2.16 million tons, down 5.2% year-on-year. The decline narrowed compared to Q2, but considering the peak season in Q3, the company increased marketing expenses, and channel inventory remained at normal levels. Overall, we believe the improvement in sales volume fell short of expectations. Price per ton: Tsingtao Brewery's price per ton was 4,125 yuan/ton, basically flat, indicating limited effects from product mix upgrades. 2) Net profit was 1.35 billion yuan, down 9% year-on-year. Although gross margin remained stable, the company increased marketing expenses in Q3, with the sales expense ratio rising by 1% quarter-on-quarter, further narrowing the gross-to-sales margin. 3) Overall, Tsingtao Brewery currently faces significant pressure in both volume and price. In terms of volume, Dolphin Research learned that since August, the company's core Shandong market has seen a significant decline, with intensified market competition. In terms of price, although the company directly raised prices for products like Tsingtao Pure Draft this year, acceptance has been low. In the future, it may be more reasonable to indirectly increase the price per ton by optimizing the product mix.$Tsingtao Brewery(600600.SH)

MBTBREW@EC2705A(29545.HK)

Tech-long (002209): Won the procurement project of Tsingtao Brewery Youjia (Tianjin) Natural Mineral Water Co., Ltd., with a winning amount of 1.23 million yuan

Premium Beer Strategy Swells Profit Margins at Chinese Brewers

Citic Securities Remains a Buy on Tsingtao Brewery Co (TSGTF)

M Stanley Raises TSINGTAO BREW TP to HKD56; Rating Equalweight

Tsingtao Brewery Outlines Board Composition and Key Committee Roles