1005 GMT - Tsingtao Brewery's earnings outlook for this year looks encouraging, CGS International analysts say after 1H earnings. The brokerage forecasts sales growth of 2.5% for 2025 and net profit growth of 9.5%. Good cost-control measures and a continued fall in imported barley prices are set to benefit the brewer's gross profit margins, CGS says. It expects margins to expand by 1.7 percentage points to 34.7% for 2025, aided by product structure upgrades too. Moreover, the company's rollout of "instant" delivery can help sales recover from weaker catering demand after China implemented an alcohol prohibition policy at official meals. CGS International raises Tsingtao's H-share target price to HK$66.36 from HK$66.09 and maintains an add rating. Shares last at HK$50.20. (jason.chau@wsj.com)
(END) Dow Jones Newswires
September 05, 2025 06:05 ET (10:05 GMT)
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