Goldman Sachs keeps HKD 26.80 target for China Resources Beer stock

Published on 10/15/2026 at 21:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue rose 1.24 percent to RMB 24.24 billion in 2026. China Resources Beer stock costs EUR 2.24 on October 15, 2026.

Analyst target and interim figures

Goldman Sachs assigned China Resources Beer a HKD 26.80 target in a September 17, 2026 report.
Revenue reached RMB 24.24 billion in the first half of 2026, up 1.24 percent year over year.
China Resources Beer stock costs EUR 2.24 at Lang & Schwarz on October 15, 2026 at 9:50 p.m. CEST.
TradingView lists March 22, 2027 as the next earnings date.

China Resources Beer, HK0291001490, Illustration mit AI erstellt.

Goldman Sachs kept a HKD 26.80 target for China Resources Beer in a report dated September 17, 2026, compared with a previous target of HKD 30.10. Against the Hong Kong last price of HKD 19.59, the target stands 36.80 percent higher. China Resources Beer stock was trading at EUR 2.24 at Lang & Schwarz on October 15, 2026 at 9:50 p.m. CEST.

Interim revenue rose 1.24 percent

For the first half of 2026, revenue reached RMB 24.24 billion, up 1.24 percent year over year, while profit attributable to shareholders fell 10.71 percent to RMB 5.169 billion, according to GMT Eight. The same report put basic earnings per share at RMB 1.59 and the interim dividend at RMB 0.446 per share.

Stock sits above its yearly low

The Hong Kong-listed shares last stood at HKD 19.59 on October 15, 2026 at 4:08 p.m. HKT, up 1.03 percent on the day. The 52-week range was HKD 17.87 to HKD 29.10, placing the stock 9.62 percent above its low and 32.68 percent below its high. Trading volume reached 7,663,901 shares against an average of 11,689,312.

Valuation and next reporting date

China Resources Beer had a market capitalization of HKD 63.5 billion and a price-to-earnings ratio of 19.64 as of October 15, 2026. TradingView lists March 22, 2027 as the next earnings date.

Comparison with peers

China Resources Beer (HKEX, HKD): 1.03 percent, P/E 19.64, market capitalization HKD 63.5 billion
Tsingtao Brewery (HKEX, HKD): 0.97 percent, P/E 15.50, market capitalization HKD 68.1 billion
Budweiser Brewing Company APAC (HKEX, HKD): 1.44 percent, P/E 18.36, market capitalization HKD 79.4 billion

What the target implies

The Goldman Sachs target is the central valuation marker, while the interim figures show a split picture: revenue grew modestly, but profit declined as the comparison base included a larger one-off relocation gain. The beer business generated RMB 23.67 billion in the first half of 2026, up 2.20 percent year over year, with average selling price increasing 0.50 percent.

Trading position remains measurable

The company therefore combines a 19.64 price-to-earnings ratio with a market value of HKD 63.5 billion and a price 32.68 percent below its 52-week high. Those figures frame the stock more clearly than the daily move alone. The further course of trading is shown by the continuously updated real-time quote of China Resources Beer stock.