China Resources Beer: Eyes On Premiumization And Dividends
CHINA RES BEER(CRHKY) Seeking Alpha·2024-09-15 18:22
Jack Andersen/DigitalVision via Getty Images I continue to award a Hold investment rating to China Resources Beer (Holdings) Company Limited (OTCPK:CRHKY) (OTCPK:CRHKF) [291:HK]. The company is finding it tough to execute on its premiumization growth strategy in a weak Chinese economy. On the flip side, China Resources Beer increased its interim dividend for 1H 2024, and there are positive expectations that its dividend ratio will rise going forward. I previously wrote about China Resources Beer's 1H 2020 r ...