Tsingtao Brewery Co Ltd Class H

00168: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Tsingtao Earnings: Resilient Margins Offset Soft Demand in Lower-End Brands; Shares Undervalued

Chokwai Lee , Nicole Lim

Aug 30, 2026

Tsingtao's first-half revenue fell 7% year-on-year to CNY 19.7 billion, but profitability improved, with operating profit increasing 2.2% year-on-year to CNY 5.4 billion.

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Tsingtao Brewery Co Ltd Class H

Tsingtao Earnings: Resilient Margins Offset Soft Demand in Lower-End Brands; Shares Undervalued

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