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Nomura Adjusts Budweiser Brewing Company APAC's Price Target to HK$10.60 From HK$13.10, Keeps at Buy
JPMorgan: Maintains BUD APAC's "Neutral" rating, Target Price lowered to HKD 8.4.
Morgan Stanley released a research report stating that BUD APAC (01876) is affected by weakened demand in China, leading the group to actively reduce inventory, and that rising raw material prices in South Korea have resulted in decreased profitability. The bank expects EBITDA for the fourth quarter of fiscal year 2024 to decline by 27%.
Jefferies Adjusts Budweiser Brewing Company APAC's Price Target to HK$10.90 From HK$11.80, Keeps at Buy
Citi: Assigns a "Buy" rating for BUD APAC (01876) with a Target Price of HKD 19.8.
The management of BUD APAC expects that EBITDA will face pressure in the fourth quarter of 2024, mainly due to deleveraging in China.
Morgan Stanley: Maintains BUD APAC (01876) "Shareholding" rating with the Target Price lowered to 9.3 HKD.
Morgan Stanley lowered the earnings per share forecast for BUD APAC for 2024-2026 by 6%.
The Five-year Shareholder Returns and Company Earnings Persist Lower as Budweiser Brewing Company APAC (HKG:1876) Stock Falls a Further 3.9% in Past Week
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