View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
April 14, 2003

HONG KONG: UBS Warburg upgrades Tsingtao

The investment bank, UBS Warburg, has upgraded the leading Chinese brewing group, Tsingtao, from "neutral" to "buy". The bank's decision stemmed partially from Tsingtao's stated aim of turning around the loss-making breweries it has recently acquired.

The investment bank, UBS Warburg, has upgraded the leading Chinese brewing group, Tsingtao, from “neutral” to “buy”. The bank’s decision stemmed partially from Tsingtao’s stated aim of turning around the loss-making breweries it has recently acquired.

UBS Warburg has also raised its 12-month target price on Tsingtao from HK$4.8 to HK$6.7.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Drinks