China Resources Enterprise, Limited

CRE position long Ed Bosek

Thesis

China Resources Enterprise owns 50% of CR Snow, the largest beer company in the world, and is expected to improve EBITDA margins significantly over the next five years due to industry consolidation and operational improvements. The recent bid for non-beer assets by China Resource Holdings is seen as a positive move for minority shareholders, enhancing the company's value.

Did it work?

inconclusive confidence: low

Without specific price performance data or a clear timeline for the thesis's expected outcomes, it's difficult to assess whether the investment thesis has played out. The anticipated improvements in EBITDA margins and the positive implications of the bid for non-beer assets are valid points, but without further information, the outcome remains uncertain.

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