富瑞：华润啤酒发盈警属预期之内 续列为首选股

Core Viewpoint - The report from Jefferies maintains a "Buy" rating for China Resources Beer (00291) with a target price of HKD 35.7, continuing to list it as one of its preferred stocks [1] Group 1: Financial Performance - Following the announcement of its interim results, the market had anticipated a profit warning due to provisions related to the liquor business [1] - Excluding these provisions, the company's net profit for last year is expected to be between RMB 5.9 billion and RMB 6.1 billion, which is above market expectations [1] Group 2: Market Position and Sales Outlook - According to channel surveys, due to healthy inventory levels, the company is expected to outperform its peers in beer sales trends for January and February this year [1]