China Resources Beer (0291.HK) Earnings Review: Look for sequential acceleration in beer and gradual normalizing policy impact; Strong cash flow and potential for yield; Buy 0291.HK 12m Price Target: HK$37.00 Price: HK$28.28 Upside: 30.8% 20 August 2025 | 12:58AM HKT On Aug 19, CR Beer reported 1H25 results with better-than-expected core EBIT on cost tailwinds and operating efficiency, and we attended the earnings briefing. While the macro situation remains fluid and deflation risks persists, we remain posi ...