China Resources Beer Holding Co Ltd (291)

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China Resources Beer Holding Co Ltd (291 Profile

China Resources Beer Holding Co Ltd (291.xhkg) is a Chinese beer enterprise company headquartered in Hong Kong, the People’s Republic of China. The brewing company focuses on manufacturing, marketing and sales of beer beverages. China Resources Beer employs approximately 27,000 people, operates 70 breweries across 25 locations throughout Mainland China, and manages a network of subsidiaries, including China Resources Snow Breweries Limited, SAB Miller and CRE Beverage Trading Limited. In 2019, CR Beer entered into a strategic partnership with the Heineken Group. The Chinese enterprise owns a broad product portfolio of beer beverages under the Heineken and Snow brands, including Heineken Silver, Snow Marrsgreen, Löwen White, Blue Sword, Green Leaves, Huadan, Largo, New Three Star, Singo, Sip, Tianjin, and Zero Clock. China Resources Beer Holding Co Ltd (291.xhkg) share is traded on the Hong Kong Stock Exchange (SEHK), has a $200.98B (HKD) market cap as of November 2021 and $34,8 (HKD) in 2020 annual revenues. However, the Chinese beer company faced an overall 2% drop in its beer volume sales and a 3.3% year-over-year rise in its 2020 distribution expenses. Consequently, China Resources Beer (291.xhkg) has ceased operations in 4 of its breweries during 2020. Earlier this year, CR Beer (291.xhkg) agreed with CR Land to develop and construct a joint venture complex consisting of recreational facilities, supermarkets, restaurants, bars, offices, factories and other facilities at the China Resources Snow owned property in Shenzhen, China.

China Resources Beer Holding Co Ltd (291.xhkg): Trade a Contract for Difference (CFD) on 291.xhkg and speculate on the share price difference of the underlying asset. CFD is a financial contract that allows you to trade on the underlying asset value (share price) without the need to purchase the actual stock. Investors are trading the difference in the value of security between the opening and closing of the trade. You can either hold a long position (Buy) or a short position (Sell). CFDs are considered short-term investments or trades, as CFDs tend to be used within shorter timeframes.

Holding cost
Long
-5%
Short
-2.5%
Trading hours in US Eastern Time
Fri
04:00 - 07:00
08:00 - 11:00
Mon
04:00 - 07:00
08:00 - 11:00
Tue
04:00 - 07:00
08:00 - 11:00
Wed
04:00 - 07:00
08:00 - 11:00
Thu
04:00 - 07:00
08:00 - 11:00
Sun
Closed
Sat
Closed

Share CFD Trading FAQ

Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.

While shares represent units of ownership within a company Contracts for Difference (CFDs) allow traders to speculate on the future share price fluctuations of an underlying asset. Thus when trading CFDs traders do not physically own the underlying asset. CFDs are available for a range of underlying assets, such as shares, commodities, and foreign exchange, and indices.

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Source - database | Page ID - 22964

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