Goldman Sachs: Remains optimistic about the market share growth of China Resources Beer (00291.HK), raises target price to 37 Hong Kong dollars, and rates it as a "buy".

Zhijing Finance APP learned that Goldman Sachs released a research report stating that Goldman Sachs expects China Resources Beer (00291.HK) beer business to achieve a moderate and continuous acceleration in the second half of 2025, with policy effects gradually normalizing; while the liquor business may still be a potential drag in the second half of the year. Goldman Sachs' 12-month target price for Ruin Beer is now 37 Hong Kong dollars (previously 35 Hong Kong dollars), based on a constant 19 times estimated P/E ratio for 2026, discounted by 0.5 years; reaffirming a "buy" rating.