Tsingtao Brewery Co. Ltd. A

Tsingtao Brewery is engaged in the production, sale and distribution of beer products, and domestic trade of beer. Through its subsidiaries, Co. is also engaged in investment holding; the manufacture and domestic trade of beverage and malt; pre-packaged of food operation; provision of accommodation and design services; indoor decoration; industrial equipment fixing; and import and export trade of beer.
  • Ticker600600
  • ISINCNE0000009Y3
  • ExchangeShanghai Stock Exchange
  • SectorBeverages
  • CountryChina

Analysts

TSINGTAO BREWERY CO.LTD. sees a downgrade to Neutral on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of TSINGTAO BREWERY CO.LTD. (CN), active in the Brewers industry. As regards its fundamental valuation, the title now shows 0 out of 4 stars while market behaviour can be considered defensive. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Neutral. As of the analysis date October 15, 2019, the closing price was CNY 47.72 and its target price was estimated at CNY 39.61.

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Summary San Miguel Corp - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. KeyHighlights San Miguel Corporation (SMC) is a diversified company, involved in food and beverages, packaging, fuel and oil, power, and infrastructure businesses. The company’s product portfolio includes beer, hard liquor, processed meats, butter, margarine and cheese, ice cream and hot dogs. SMC also off...

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Summary Taiwan Tobacco & Liquor Corporation - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. KeyHighlights Taiwan Tobacco & Liquor Corporation (TTL) distributes alcoholic beverages and tobacco. The company offers products such as liquor, beer, wine, whisky, red wine, herbal liquor, cooking wine, cigarettes, tobacco. TTL markets its products under various brands such as Taiwan B...

1 director bought

A director at Tsingtao Brewery Co bought 10,000 shares at 45.880CNY and the significance rating of the trade was 71/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names o...

Allen Cheng

Morningstar | Tsingtao’s 1Q19 Result Beat From Strong Premium Beer Growth, but Shares Remain Overvalued

Narrow-moat Tsingtao Brewery’s first-quarter results surpassed the market’s and our expectations, with revenue and net profit growing 11% and 21% year on year, respectively. Both sales volume and average selling prices were higher than we anticipated, driven by strong sales growth for premium beers. We’re raising our fair value estimate to HKD 39 from HKD 35 per H-share (to CNY 33.50 from CNY 30 per China A-share), after taking into account higher revenue and gross margin forecasts. However, we think Tsingtao is overvalued presently and the positive outlook for profit growth is already reflect...

Allen Cheng

Morningstar | Tsingtao’s 1Q19 Result Beat From Strong Premium Beer Growth, but Shares Remain Overvalued. See Updated Analyst Note from 02 May 2019

Narrow-moat Tsingtao Brewery’s first-quarter results surpassed the market’s and our expectations, with revenue and net profit growing 11% and 21% year on year, respectively. Both sales volume and average selling prices were higher than we anticipated, driven by strong sales growth for premium beers. We’re raising our fair value estimate to HKD 39 from HKD 35 per H-share (to CNY 33.50 from CNY 30 per China A-share), after taking into account higher revenue and gross margin forecasts. However, we think Tsingtao is overvalued presently and the positive outlook for profit growth is already reflect...

Allen Cheng

Morningstar | Tsingtao’s 1Q19 Result Beat From Strong Premium Beer Growth, but Shares Remain Overvalued

Narrow-moat Tsingtao Brewery’s first-quarter results surpassed the market’s and our expectations, with revenue and net profit growing 11% and 21% year on year, respectively. Both sales volume and average selling prices were higher than we anticipated, driven by strong sales growth for premium beers. We’re raising our fair value estimate to HKD 39 from HKD 35 per H-share (to CNY 33.50 from CNY 30 per China A-share), after taking into account higher revenue and gross margin forecasts. However, we think Tsingtao is overvalued presently and the positive outlook for profit growth is already reflect...

Allen Cheng

Morningstar | Tsingtao’s 1Q19 Result Beat From Strong Premium Beer Growth, but Shares Remain Overvalued. See Updated Analyst Note from 02 May 2019

Narrow-moat Tsingtao Brewery’s first-quarter results surpassed the market’s and our expectations, with revenue and net profit growing 11% and 21% year on year, respectively. Both sales volume and average selling prices were higher than we anticipated, driven by strong sales growth for premium beers. We’re raising our fair value estimate to HKD 39 from HKD 35 per H-share (to CNY 33.50 from CNY 30 per China A-share), after taking into account higher revenue and gross margin forecasts. However, we think Tsingtao is overvalued presently and the positive outlook for profit growth is already reflect...

Allen Cheng

Tsingtao’s 1Q19 Result Beat From Strong Premium Beer Growth, but Shares Remain Overvalued

Narrow-moat Tsingtao Brewery’s first-quarter results surpassed the market’s and our expectations, with revenue and net profit growing 11% and 21% year on year, respectively. Both sales volume and average selling prices were higher than we anticipated, driven by strong sales growth for premium beers. We’re raising our fair value estimate to HKD 39 from HKD 35 per H-share (to CNY 33.50 from CNY 30 per China A-share), after taking into account higher revenue and gross margin forecasts. However, we ...

1 director bought

A director at Tsingtao Brewery Co bought 10,000 shares at 45.880CNY and the significance rating of the trade was 71/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names o...

TSINGTAO BREWERY CO.LTD. sees a downgrade to Neutral on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of TSINGTAO BREWERY CO.LTD. (CN), active in the Brewers industry. As regards its fundamental valuation, the title now shows 0 out of 4 stars while market behaviour can be considered defensive. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Neutral. As of the analysis date October 15, 2019, the closing price was CNY 47.72 and its target price was estimated at CNY 39.61.

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Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

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San Miguel Brewery Inc - Strategy, SWOT and Corporate Finance Report

Summary San Miguel Brewery Inc - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. KeyHighlights San Miguel Brewery Inc (SMB), a subsidiary of San Miguel Corporation, is the largest brewer in the Philippines. The company’s brand portfolio comprises San Miguel Pale Pilsen, San Mig Light, Red Horse, Cerveza Negra, Gold Eagle, San Miguel Strong Ice, San Miguel Super Dry, San Miguel P...

MarketLine Department

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Summary San Miguel Corp - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. KeyHighlights San Miguel Corporation (SMC) is a diversified company, involved in food and beverages, packaging, fuel and oil, power, and infrastructure businesses. The company’s product portfolio includes beer, hard liquor, processed meats, butter, margarine and cheese, ice cream and hot dogs. SMC also off...

MarketLine Department

Taiwan Tobacco & Liquor Corporation - Strategy, SWOT and Corporate Finance Report

Summary Taiwan Tobacco & Liquor Corporation - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. KeyHighlights Taiwan Tobacco & Liquor Corporation (TTL) distributes alcoholic beverages and tobacco. The company offers products such as liquor, beer, wine, whisky, red wine, herbal liquor, cooking wine, cigarettes, tobacco. TTL markets its products under various brands such as Taiwan B...

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