[New post] China Galaxy: Tsingtao Brewery – ADD TP $95 (Previous $94)

alanyeo posted: " Stronger volume growth in FY22F Tsingtao announced that sales in 3Q21 declined by 3% yoy to Rmb8.48bn and that net profit was up by 6.4% yoy to Rmb1.2bn, above our expectations. Although Covid-19 volatility and extreme weather in 3Q21 affected volume " New post on Alpha Edge Investing China Galaxy: Tsingtao Brewery – ADD TP $95 (Previous $94) by alanyeo Stronger volume growth in FY22F Tsingtao announced that sales in 3Q21 declined by 3% yoy to Rmb8.48bn and that net profit was up by 6.4% yoy to Rmb1.2bn, above our expectations. Although Covid-19 volatility and extreme weather in 3Q21 affected volume growth, the Company still achieved a better margin due to a mix upgrade. So […] Read more of this post alanyeo | November 2, 2021 at 10:34 am | Tags: Tsingtao Brewery | Categories: Equities - Research Reports by Brokers/ Banks | URL: https://wp.me/p7fA1-5Ml Comment    See all comments Unsubscribe to no longer receive posts from Alpha Edge Investing. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://alphaedgeinvesting.com/2021/11/02/china-galaxy-tsingtao-brewery-add-tp-95-previous-94/