Bank Ratings｜SPDB International: Maintaining Budweiser Asia Pacific's target price of HK$17.9 and raising the rating to “buy”

Glonghui, December 4 | According to a report published by SPDB International, competition in the Korean beer market has intensified and profit margins have deteriorated in the past 12 months, causing Budweiser Asia Pacific to face major challenges in terms of performance and market sentiment. However, the bank predicts that competition in the Korean beer industry will ease somewhat next year, and major players are expected to reach a consensus to end the price war and focus on repairing profit margins. Thus, the most difficult stage in judging the Korean market has come to an end. At the same time, the company will continue to benefit from the trend of upgrading the consumption structure of the high-end beer market in China. Considering the sharp increase in the certainty of next year's performance and the current high valuation and cost performance ratio

Gelonghui Finance11:08

Changes in Hong Kong stocks | Budweiser Asia Pacific (01876) fell by nearly 5%, leading the decline, beer stocks, beer consumption performance was sluggish for several months, and next year's profit release is highly certain

The Zhitong Finance App learned that beer stocks continued their recent decline. As of press release, Budweiser Asia Pacific (01876) fell 4.81% to HK$13.46; China Resources Brewery (00291) fell 4.42% to HK$34.6; and Tsingtao Brewery (00168) fell 2.51% to HK$50.55. According to the news, Zhongtai Securities pointed out that since beer consumption has entered a low season and demand performance has been low year-on-year for several months, the current stock prices of core beer companies have continued to fall, and valuations are at historically low levels, corresponding to 2024 PE. Currently, Tsingtao Brewery (A shares) and China Resources Brewery have both fallen to 2

Zhitong Finance11-29 01:42

Budweiser Asia Pacific (01876.HK): Change drives the return of the king

Guide to this report: Across the Chinese, South Korean and Indian markets, the 3G capital strategy is leading, and the current transformation has broken down the constraints. The 2024 PE25X is given, corresponding to the target price of HK$17.6, covering the first time, and giving it an “increase in holdings” rating. Summary: Investment and construction

國泰君安11-29 08:22