Singapore: Beverage stocks are being currently overpriced
Beverage stocks were plunging in the morning, as many of them deemed overpriced at current levels, says analyst Chen Huiqin at Huatai Securities, Dow Jones Newswires learned May 23.
"Many investors are now aware that their purchase of beverage stocks during the market's rally over the past month was irrational. That's pushed them to cash in," she says.
Chongqing Brewery is down 6.8% at CNY22.90, Zhejiang Guyuelongshan Shaoxing Wine is down 6.2% at CNY8.05, Jiugui Liquor is down 6.2% at CNY5.60. Adds valuation of beverage stocks are still unreasonably high, share prices should fall more in coming sessions.
Regresar
E-malt.com, la fuente de información global para los profesionales de la industria cervecera y de malteado. Los boletines quincenales de E-malt.com incluyen las últimas noticias de la industria, estadísticas en gráficos y tablas, precios mundiales de cebada y malta, y otra información relevante. Haga clic aquí para obtener acceso completo a E-malt.com. Si usted es un cliente de Castle Malting, puede obtener acceso gratuito al sitio web y publicaciones de E-malt.com. Contáctenos para obtener más información en marketing@castlemalting.com.
