Analyst
Top Stories
Company Update | Budweiser APAC (1876 HK/BUY/HK$6.32/Target: HK$9.30)
Budweiser APAC will report its 2Q26 results on 30 July. At the group level, we expect volume to remain soft, dragged by the China market. However, ASP will be supported by a higher sales contribution from South Korea, where ASP is generally higher than in China. EBITDA is expected to face greater pressure than the top-line, due to rising commercial investments, lower contributions from other income and operating deleverage in China. Maintain BUY; cut target price by 9% to HK$9.30.
Technical Analysis
Hang Seng Index And Hang Seng Tech Index Outlook
Top Stories
Company Update | Budweiser APAC (1876 HK/BUY/HK$6.32/Target: HK$9.30)
Budweiser APAC will report its 2Q26 results on 30 July. At the group level, we expect volume to remain soft, dragged by the China market. However, ASP will be supported by a higher sales contribution from South Korea, where ASP is generally higher than in China. EBITDA is expected to face greater pressure than the top-line, due to rising commercial investments, lower contributions from other income and operating deleverage in China. Maintain BUY; cut target price by 9% to HK$9.30.
Technical Analysis
Hang Seng Index And Hang Seng Tech Index Outlook
Analyst
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