G Sachs has maintained a 'Neutral' rating for CHINA RESOURCES BEER due to a decline in sales forecasts for 2026 to 2028 by 2% to 4% amid intense market competition. Additionally, the earnings forecast has been reduced by 9% to 14% due to a decrease in gross profit margins and increased expense ratios. The target price has been lowered from HKD9 to HKD8.5, based on a forecasted P/E ratio of 16.5x for 2027, aligning with peer companies.