Puyin international securities released a research report on January 28, saying that it maintained the buy rating of Chongqing Brewery Co.Ltd(600132) (600132.sh, latest price: 135.47 yuan), and the target price was 180.6 yuan. The reasons for rating mainly include: 1) from local leaders to high-end representatives; 2) Wusu: the main growth driver of heavy beer in the future; 3) The road of nationalization is unstoppable. Risk tips: (1) the high-end process of the whole industry is slower than expected; (2) The price increase of raw materials is higher than expected; (3) Wusu’s growth rate is slower than expected; (4) The epidemic situation repeatedly and continuously affects the current drinking channels; (5) Supply chain disruption affects the company’s output.
AI comments: Chongqing Brewery Co.Ltd(600132) got two research reports from securities companies in the past month and bought one. The average target price was 180.75 yuan, 45.28 yuan higher than the latest price of 135.47 yuan, and the average target price increased by 33.42%.
