Zhi Tong Cai Jing·2025-11-18 05:22Core Viewpoint - Daiwa's report indicates that China Resources Beer (00291) is adapting to new retail channels and developing new flavors to cater to the rapidly changing preferences of young Chinese consumers [1] Group 1: Company Strategy - The management of China Resources Beer emphasized the importance of aligning with instant retail and introducing new flavors such as fruit-flavored and tea-flavored beers [1] - The company is expected to maintain a competitive edge over its main rivals due to its strong execution capabilities and flexible strategies [1] Group 2: Financial Outlook - Daiwa has lowered its earnings per share forecast for China Resources Beer by 4% for the years 2025 to 2027, citing potential slowdowns in average selling price and profit margin expansion [1] - The target price for the stock has been adjusted from HKD 38 to HKD 36, based on a projected price-to-earnings ratio of 18 times for the next year [1]