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UBS Cuts CR BEVERAGE (02460.HK) Rev./ Earnings Forecasts, Keeps Neutral Rating
2025-12-01 11:33:04
During recent investor activities, UBS engaged with the management of CR BEVERAGE (02460.HK), UBS released a research report saying. The management shared their outlook for 2H25 and 2026, and noted that short-term fluctuations in packaged drinking water reflect intensifying price competition.

It is expected that continuous investment in marketing and promotional activities will be necessary, while the beverage business is driven by the launch of new products, showing a strong growth trend.

UBS lowered its 2025-2027 earnings forecasts for CR BEVERAGE by 14-17%, and revenue forecasts by 4-5%. The broker also cut its target price from $11.7 to $10.75, with rating kept at Neutral.
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