SEHK:291Beverage
China Resources Beer (SEHK:291) Stock Faces Margin Squeeze Despite Stable Revenue
China Resources Beer closed at HK$20.54, capping a three month slide of nearly 19%, yet the fresh half year numbers tell a more nuanced story than the share chart suggests. In H1 2026, revenue came in at ¥24,240m with basic earnings per share of ¥1.59. Trailing net margin has compressed to 7.2% from 15% a year earlier. The real tension for long term holders now sits in that squeeze between weaker reported profitability and a valuation on 20.8x P/E that still sits above sector averages.
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