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Hong Kong stocks fluctuate | Beer stocks continue to decline, but consumer demand is structurally improving. High-end beer consumption scene still needs to be repaired.
Beer stocks continue to slide. As of press time, China Res Beer (00291) has fallen 2.74% to HKD 23.05; Tsingtao Brew (00168) has fallen 1.73% to HKD 48.4; and Bud APAC (01876) has fallen 1.72% to HKD 9.14.
Hong Kong stocks fluctuate | Bud APAC (01876) fell nearly 3%, Q2 performance under pressure due to weak performance in China market, high-end process hindered in the short term.
Bud APAC (01876) fell by almost 3%. As of press time, it has fallen by 2.74% to HKD 9.24 with a turnover of 42.601 million Hong Kong dollars.
[Brokerage Focus] Swhy maintains a "shareholding" rating for Bud APAC (01876). Short-term demand is under pressure, but the long-term view is that the company has growth potential.
Shenwan Hongyuan released research reports stating that Bud APAC (01876) achieved revenue of 3.399 billion US dollars in H1 2024, a year-on-year decrease of 4.3% (a decrease of 7.3% based on submission benchmark), and net income attributable to equity holders was 0.541 billion US dollars, a year-on-year decrease of 6%; normalized net income attributable to equity holders was 0.552 billion US dollars, a year-on-year decrease of 4.7%. The company's performance is lower than market expectations. Taking into account the pressure on demand in the Chinese beer market and intensified competition in the second-highest price range, the bank lowers profit forecast and predicts the mother's net income of the company from 2024 to 2026 as 9.0/9.7/10.2.
Tianfeng Securities: Liquor companies are actively preparing for the third quarter and focusing on Q2 sector performance.
Currently, the fundamentals of the baijiu sector are still good, and we are bullish on the short-term sector's rebound opportunities.
Stunted Sales Growth in China Likely to Weigh on Budweiser APAC -- Market Talk
[Special guest expert] Guo Jiayao: Hong Kong stock valuation is low, and the adjustment of the market is expected to be slightly lighter than that outside the region.
Jingu Finance News | US stocks plummeted sharply on Monday, and the appreciation of the Japanese yen led to an increase in market risk aversion. Investors closed their positions and left to take profits. All three major indices recorded significant declines at the close. The US dollar trended downwards, and the 10-year US Treasury yield fell to 3.77%, while gold and oil prices fell first and stablized later. Hong Kong stocks are generally stable, and the market is expected to open gently. The mainland stock market fell yesterday, with the Shanghai Composite Index opening low and closing 1.5% lower, falling below the 2,900 point mark. The trading volume of the Shanghai and Shenzhen stock markets has also increased. Hong Kong stocks followed the external downturn, and the index fell to a low of 16,400 points at one point. The RMB has significantly strengthened, driving.
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