Jinwu Financial News | Budweiser Asia Pacific (01876) remained high in the afternoon. As of press release, it rose 3.99% to HK$8.34, with a turnover of HK$94.7321 million.
According to a research report published by DBS, due to consumer sentiment still weak, the company's sales volume in the Chinese market fell 14% in the third quarter. The trend continued in the fourth quarter. It is expected that sales volume and average product prices in China may continue to be pressured in the future. However, it is expected that sales may rebound next year as consumer sentiment recovers. Due to changes in sales channels, Budweiser Asia Pacific is currently focusing on promoting high-end products in the Chinese home market.
Huachuang Securities said that the company's brand advantage is still there, and it is expected to be repaired under a low base in the coming year. It is recommended to keep an eye on the implementation and effectiveness of the policy, give a target price of HK$10, corresponding to 25EPE of about 20X, and maintain the “recommended” rating.
