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China Resources Beverage Announces Board Changes and Profit Warning

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China Resources Beverage Announces Board Changes and Profit Warning

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China Resources Beverage (Holdings) Company Limited ( (HK:2460) ) has issued an announcement.

China Resources Beverage (Holdings) Company Limited announced a change in its board of directors, with Mr. Sun Yongqiang resigning and Mr. Zhang Jianmin being appointed as a non-executive director and member of the Remuneration and Appraisal Committee. Mr. Zhang brings over 20 years of experience in corporate management and asset management. Additionally, the company issued a profit warning, indicating an expected decrease in profit by 20% to 30% compared to the previous year, based on preliminary unaudited financial data. This announcement may impact stakeholder confidence and suggests potential challenges in the company’s financial performance.

The most recent analyst rating on (HK:2460) stock is a Hold with a HK$12.10 price target. To see the full list of analyst forecasts on China Resources Beverage (Holdings) Company Limited stock, see the HK:2460 Stock Forecast page.

More about China Resources Beverage (Holdings) Company Limited

China Resources Beverage (Holdings) Company Limited operates in the beverage industry, focusing on the production and distribution of various beverages. The company is part of the larger China Resources Group, which has a diverse portfolio including corporate management, mergers and acquisitions, and asset management.

Average Trading Volume: 10,156,321

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$27.58B

For detailed information about 2460 stock, go to TipRanks’ Stock Analysis page.

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