19 August 2026 | 2:29PM HKT Equity Research China Resources Beer (0291.HK): 1H26 First Take: Largely in-line sales/EBIT with strong premiumization in beer offsetting competition CRB reported its 1H26 results on Aug 19, with consolidated sales of Rmb24.24bn, up 1.2% yoy, in line with GSe of Rmb24.5bn; consolidated recurring EBIT was Rmb6.80bn (exl. land disposal gain at Rmb80mn), down 1% yoy (off re-stated 1H25 base), in line with GSe. Consolidated reported EBIT was Rmb6.88bn (down 10.5%), and reported NP wa ...

Sell-side roundtable takeaways: Growing probability of achieving medium-term targets CITI'S TAKE The path to achieving the firm's FY12/27 medium-term OP targets and related October 2026 domestic price resets dominated the discussions at today's roundtable. We view positively the detailed explanation of the price reset schedule and target category considerations, which confirms a prudent approach based on portfolio competitiveness and market conditions. The company mapped out not just simple price increases ...

Accessible version LG Electronics India 1QFY27: Earnings beat on margin improvement Reiterate Rating: BUY | PO: 1,911 INR | Price: 1,730 INR Strong quarter on margin expansion LG registered strong earnings growth of 27% YoY (11%/7% beat vs BofA/consensus estimates) led by EBITDA margin expansion of 106bps YoY to 12.5% on the back of operating leverage, improvement in product mix, calibrated price hikes, and robust Home Entertainment demand. Topline too saw strong 15.5% YoY growth. Localization, premiumizati ...

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 ...