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CLSA: Resignation of CHINA RES BEER Chair Affects ST Sentiment; TP $30.4
2025-06-30 11:05:28
CHINA RES BEER (00291.HK) announced the resignation of Chairman Hou Xiaohai, confirming market speculation, a research report by CLSA wrote. Executive Director and President Zhao Chunwu will temporarily assume the chairman's duties, but uncertainty remains regarding the new successor.

Short-term sentiment may experience some pressure, said the broker, while noting that the group's monthly sales YTD have met expectations, with its Heineken brand still achieving double-digit YoY growth. The broker set a target price of HKD30.4 and an Outperform rating on CHINA RES BEER.
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