[ET Net News Agency, 31 October 2023] HSBC Global Research lowered its target price for
Tsingtao Brewery (00168) to HKD91 from HKD96 and maintained its "buy" rating.
The research house said it lowers 2023-25e revenue estimates by 1.1-1.2% on lower 2023
volume growth estimates, partly offset by higher 2023 ASP growth estimates. (RC)