CHINA RES BEER Once Slumps 9%, Weakest Blue Chip; NONGFU SPRING Sets New Low

　　Beer and beverage makers listed in HK drifted lower in the afternoon, with CHINA RES BEER (00291.HK) -1.800 (-6.667%) Short selling $241.31M; Ratio 38.258% and NONGFU SPRING (9633.HK) briefly the two biggest losers among blue chips. CHINA RES BEER opened flat this morning before ebbing back, bottoming at $24.5, down 9.3% at one point, hitting the lowest point since January 2019. It last reported at $24.8, down 8.15%, with 33.9908 million shares traded, involving $865 million.

　　BUD APAC (01876.HK) -0.510 (-5.105%) Short selling $37.28M; Ratio 48.451% last stood at $9.44, down 5.51%. TSINGTAO BREW (00168.HK) -2.200 (-4.400%) Short selling $14.15M; Ratio 14.181% last posted at $48.1, down 3.8%.

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　　Nongfu Spring reportedly raised the wholesale price of its barreled water product by 20%, but the retail price remained unaffected. However, its stock price fell for the second consecutive day, bottoming at $30.4, setting a fresh low. It last reported at $30.75, down 7.1%, with 17.4385 million shares traded, involving $544 million.

　　U-PRESID CHINA (00220.HK) -0.280 (-4.217%) Short selling $3.15M; Ratio 36.699% last traded at $6.37, down 4.07%. TINGYI (00322.HK) -0.320 (-3.351%) Short selling $13.84M; Ratio 37.879% last quoted at $9.24, down 3.25%.

　　In addition, HELENS (09869.HK) -0.010 (-0.495%) Short selling $158.63K; Ratio 17.437% , which operates pubs, last printed at $1.98, down 1.98%.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-24 12:25.)

　　Related NewsJefferies Trims NONGFU SPRING (09633.HK) TP to $37.4, Predicts 1H24 NP Up 6.8% YoY

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