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JPMorgan downgrades Bud APAC's target price to 9.2 Hong Kong dollars, lowering sales and profit forecasts.
jpmorgan released a report estimating that bud apac's sales/EBITDA/EBIT/EPS in the third quarter are expected to decline by 4%, 3%, 6%, and 12% respectively. Specifically, the business in china is still on a downtrend, with sales/EBITDA/EBIT expected to decrease by 7%, 8%, and 13% respectively year-on-year, but the decline is narrower than the second quarter. On the other hand, the business in south korea continues to recover from a low base, with sales/EBITDA/EBIT expected to grow by 13%, 29%, and 41% year-on-year. jpmorgan indicated that after lowering profit forecasts by 5 to 8%, bud apac's full-year sales/EBITDA/
HK stocks fluctuate | China Res Beer (00291) fell more than 8%, leading the decline in beer stocks. Institutions believe that the market does not have high expectations for the performance of the beer industry leader in the second half of the year.
Beer stocks continue to decline. As of the time of publication, China Resources Beer (00291) fell by 8.43% to HK$30.95; Tsingtao Brewery (00168) dropped by 5% to HK$56.1; Bud APAC (01876) decreased by 2.59% to HK$8.65.
Bud APAC (01876.HK): Hua Bai'en resigns as joint company secretary.
Gelonghui 10th of October | Bud APAC (01876.HK) announced that Huabeien has resigned as joint company secretary, authorized representative, and legal process document agent, effective from 10th October 2024.
Hong Kong stocks are moving abnormally | Beer stocks are fluctuating and rising, the industry will enter a low base period, sales and profit growth rates are expected to gradually improve.
Beer stocks are fluctuating and rising. As of the time of publishing, China Res Beer (00291) rose by 7.98%, to 33.15 Hong Kong dollars; Bud APAC (01876) rose by 3.41%, to 9.39 Hong Kong dollars; Tsingtao Brew (00168) rose by 2.09%, to 58.5 Hong Kong dollars.
Boosting the heat with top sports events, the non-alcoholic beer global market is smoothly advancing.
Millennials play a leading role in driving the growth of non-alcoholic consumer consumption, and this role continues to strengthen.
Why Investors Shouldn't Be Surprised By Budweiser Brewing Company APAC Limited's (HKG:1876) 27% Share Price Surge
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