申万宏源指出，尽管短期受天气、消费场景缺失影响，需求承压，但是伴随渠道覆盖率的提升，以及更多高端产品的导入，中长期依然具备增长的空间。中国以外市场，伴随韩国市场的回暖，以及印度市场的增长潜力释放，中长期依然具有一定的成长性。公司当前80%以上的分红率对应的股息率(2023年)达到4.3%，具有一定的吸引力。Budweiser Asia Pacific (01876) is now up more than 4%. As of press release, it has risen 4.17% to HK$9, with a turnover of HK$0.31 billion.
The Zhitong Finance App learned that Budweiser Asia Pacific (01876) is now up more than 4%. As of press release, it has risen 4.17% to HK$9, with a turnover of HK$0.31 billion.
CITIC Securities pointed out that the reason for the weakness in the beer industry in the second quarter was mainly due to abundant rainfall in China's Yangtze River and south of the Yangtze River, and overall sales performance was poor; the non-fresh beer drinking scene continued to grow, and pressure on catering channels and nightclubs was high, resulting in average product structure performance; and a high base for the same period in 2023. Looking ahead to the second half of the year, the beer industry will gradually enter a low base range, compounded by declining raw material costs and improved weather, and there is a high possibility of improvement.
Shen Wan Hongyuan pointed out that although demand is pressured in the short term due to lack of weather and consumption scenarios, there is still room for growth in the medium to long term along with the increase in channel coverage and the introduction of more high-end products. Markets outside of China, along with the recovery of the Korean market and the release of growth potential in the Indian market, still have some growth potential in the medium to long term. The dividend rate (2023) corresponding to the company's current dividend rate of 80% or more reached 4.3%, which is quite attractive.