August 19, 2026 06:45 AM GMT China Resources Beer Holdings Co Ltd | Asia Pacific 1H26 Results: Steady Operation AlphaSignals Earnings Reaction Unchanged In-line Modest revision lower Impact to our thesis Financial results versus consensus Direction of next 12-month consensus EPS Source: Company data, Morgan Stanley Research Key Takeaways (=) Sales: Total sales were Rmb24.2bn (beer sales were Rmb23.7bn and baijiu sales were Rmb570mn). Beer business volume was up 1.7% and ASP up 0.5%. Affordable premium and a ...