** Shares of China Resources Beer Holdings Co Ltdrise as much as 5.7% to an all-time high of HK$41.45, after theChinese brewer posted an estimate-beating first-half results
** Stock on track for a fourth straight session of gains
** The Chinese brewer posts a 24.1% rise in its first-halfnet profit with revenue gaining 7.2%, overall sales volumerising 2.6% and average selling price up 4.5% year-on-year
** Co declares an interim dividend of 0.12 yuan per share,up from 0.09 yuan the same period a year ago
** The brewer said it completed acquisition of HeinekenChina on April 29, 2019 and began the long-term strategicpartnership with Heineken Group
** Daiwa maintains "buy" rating on the stock and raises itstarget price to HK$44 from HK$37.60, saying H1 profit beatexpectations as mid- to high-end sales volume outperformed peers
** Daiwa says it raises its revenue estimate for 2019-21 onmore contributions from high-end product sales
** As of Friday's close, stock up 43.3% so far this year
** China Resources Beer has outperformed the Hang SengProperty Index sector by 20.7 percentage points in thepast one month
** The Hong Kong Hang Seng sub-index, tracking consumergoods companies, rises 2.5%
** The Hang Seng China enterprises index climbs1.7%, and the benchmark index rises 2.1%(Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)