Tsingtao’s Profit up 68% During 1H09 on Higher Volumes

I thought I would point out, after my Chinese beer market piece, that Tsingtao today announced a 68% rise in 1H09 profits, backed by a 12.9% increase in volumes.  This helps support my argument that Tsingtao is very well positioned to take advantage of significant unrealized potential within the Chinese beer market.  Tsingtao’s leading foreign competition in China is Anheuser-Busch InBev and SABMiller, who are likely to also benefit from China’s growing demand.  During the first  six months of this year Chinese beer production grew 6%, rising to 20.5bn liters.

Tsingtao Equity Performance

Source: Bloomberg