Kirin Gains as Domestic Beer Barrel Shipments Rise: Tokyo Mover
Shipments of beer barrels, typically used in beer halls, rose 1.1 percent in February, the Brewers Association of Japan said in a statement yesterday. The increase is supporting optimism that the domestic beer market is recovering, Mikihiko Yamato, an analyst at JI Asia in Tokyo, said by phone today.
“The company that benefits most in terms of share price from a recovery in the domestic shipment is Kirin, as investors had already been buying Asahi,” said Yamato, who has a ‘buy’ rating on Tokyo-based Kirin.
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