China's Tsingtao Brewery slips after FY results

** Hong Kong shares of Tsingtao Brewery Co Ltd 600600 slip 2.7% to HK$51.70, their lowest since March 11

** The Chinese brewer says its 2023 net profit from continuing operations up 14.3% y/y to 4.35 bln yuan ($601.9 mln) with revenue up 5.5% y/y to 33.94 bln yuan

** Jefferies, with "buy" rating on the stock, says Tsingtao's 4Q23 loss would be higher than market estimates if disposal income were excluded

** Shanghai-listed stock 600600 down 20.3% to 83.12 yuan, on track for the biggest one-day pct drop since Feb. 28

** Hang Seng Consumption Index (.HSCGSI) climbs 0.2%, while Hang Seng Commerce & Industry Index (.HSNC) eases 0.7% and Hang Seng Index HSI slips 0.6%

** Tsingtao's Hong Kong stock gained 0.4% YTD, Shanghai shares up 12% YTD

($1 = 7.2269 Chinese yuan renminbi)