01876 BUD APAC
- 11.240
- +0.240+2.18%
BUD APAC News
Budweiser Asia Pacific (01876.HK): China's high-end market leads growth and the Korean market is under pressure
Incident: The company released its 2023 annual report. According to the company's announcement, the company achieved operating income of US$6.856 billion in 2023, an increase of 11.1% over the previous year (endogenous growth caliber), and net profit of US$852 million to mother, the same
Budweiser Asia Pacific (01876.HK): Quarterly results are expected to be released on May 8
On April 23, GLONGHUI APAC (01876.HK) issued an announcement. The company's board committee will meet on May 7, 2024 (Tuesday) (after the trading session) to consider and approve the unaudited results announcement for the three months ended March 31, 2024. The Company expects to release the unaudited results announcement for the three months ended March 31, 2024 at or around 7 a.m. (Hong Kong time) on or around May 8, 2024 (Wednesday).
百威亞太：批准截至2024年3月31日止三個月未經審核業績的董事會委員會會議日期
Hong Kong Stock Afternoon Review | The three major indices strengthened, and the Tech Index rose nearly 3%; TechNet stocks had the highest gains, with Kuaishou up more than 7% and Meituan up more than 6%
Auto stocks had mixed ups and downs. NIO rose more than 5%, Ideal Auto fell more than 3%; many copper stocks fell, and China's nonferrous mining and mining resources fell nearly 3%.
A quick look at the Hong Kong market | The three major indices have risen one after another. Technet stocks have generally risen, Tencent and Meituan have risen by more than 5%; Ideal has fallen by more than 8%
Many coal stocks fell sharply; Mongolian coking coal and China Coal Energy fell more than 6%; petroleum stocks fell, CNOOC Services fell more than 3%, and CNPC fell nearly 3%.
Hong Kong Stock Concept Tracking | Valuation has reached the bottom of history, and institutions are optimistic about the beer industry improving (with concept stocks)
Benefiting from post-pandemic demand recovery, China's beer industry produced 35.555 million kiloliters (yoy +0.3%) in 2023, but there is still a gap compared to 2019. Judging from the price point of view, the upgrading trend in China's beer industry is slowing down or not downgrading, and the gross sales gap of enterprises continues to rise. In 2023, the number of domestic catering companies cancelled nearly 1.3 million, more than double that of 2022. The ready-to-drink scene is recovering slowly as the main position for upgrading the beer structure, compounding the pressure on overall consumption power. The high-end trend has slowed down, but the mid-tier products of wine companies have maintained good growth. The tonnage prices of major domestic wine companies all achieved low to medium single-digit growth in 2023
Intraday Overview | The three major indices all rose more than 2%! Tencent and Meituan increased by about 5%
TechNet stocks strengthened, with Kuaishou, JD, and NetEase up about 4%, and Bilibili and Alibaba about 3%.
Changes in Hong Kong stocks | China Resources Breweries (00291) rose nearly 7%, leading the beer stock industry is about to break out of a high sales base, institutions say the peak season is worth looking forward to
Beer stocks picked up in early trading. As of press release, China Resources Brewery (00291) rose 6.81% to HK$34.5; Tsingtao Brewery shares (00168) rose 5.73% to HK$54.4; and Budweiser Asia Pacific (01876) rose 2.99% to HK$10.34.
Changes in Hong Kong stocks | The collective recovery of beer stocks during the peak season catalyzes falling costs or releasing dividends, and there is still plenty of room for high-end beer
Beer stocks picked up collectively. As of press release, Tsingtao Brewery shares (00168) rose 3.6% to HK$53.3; China Resources (00291) rose 2.49% to HK$32.9; and Budweiser Asia Pacific (01876) rose 1.42% to HK$10.02.
Budweiser Asia Pacific (1876.HK): High sales base may put pressure on 1H24 in the short term, but the outlook for the whole year remains unchanged
1Q23 The high sales base in the Chinese and Korean markets may drag down Budweiser Asia Pacific's 1H24 sales performance. Management anticipates that a high single-digit increase in the average sales price in 1Q24 will drive further expansion of gross margin and maintain normalized profit before interest and tax
Changes in Hong Kong stocks | Budweiser Asia Pacific (01876.HK) fell more than 4% to hit a new low. Major banks all expect the company's sales volume in the Chinese and Korean markets to decline in the first quarter
Budweiser Asia Pacific (01876.HK) fell more than 4% in the intraday period, hitting a record low of HK$10.32. As of press release, it decreased by 3.72% to HK$10.36, with a turnover of HK$120 million.
Fangzheng Securities: There is still plenty of room for high-end beer to welcome value layout opportunities under undervaluation
Fangzheng Securities released a research report saying that there is still plenty of high-end space and strong certainty. The current valuation is at a historically low level, which has ushered in value layout opportunities. The bank believes that the current leading valuation has fallen back to a low level of nearly five years, and there are value layout opportunities. It is recommended to focus on China Resources Beer (00291.HK), which has “an alpha single product Heinekinek+strong channel control”; Tsingtao Brewery (600600.SH), which “has strong control over the base market and obvious acceleration of the non-base market”; “the reform process is accelerated and profits continue to be realized” Yanjing Beer (000729.SZ); the emphasis on “continuous channel reform, outstanding brand matrix characteristics”
Fangzheng Securities: There is still plenty of high-end space, and the beer sector ushered in value layout opportunities
According to Fangzheng Securities, there is still plenty of room for high-end beer and strong certainty. Currently, the beer industry's valuation is at a historically low level, ushering in value layout opportunities.
Hong Kong stocks closed up 0.57%, the Tech Index closed up 0.98%; Xinyi Solar rose more than 5%, NetEase rose more than 4%, and Xinao Energy, Budweiser Asia Pacific, and SMIC all rose more than 3%.
Hong Kong stocks closed up 0.57%, the Tech Index closed up 0.98%; Xinyi Solar rose more than 5%, NetEase rose more than 4%, and Xinao Energy, Budweiser Asia Pacific, and SMIC all rose more than 3%.
Jefferies Adjusts Budweiser Brewing Co APAC's Price Target to HK$21.20 From HK$21.70, Keeps at Buy
04:48 AM EDT, 04/08/2024 (MT Newswires) -- Jefferies Adjusts Budweiser Brewing Co APAC's Price Target to HK$21.20 From HK$21.70, Keeps at Buy Price (HKD): $10.58, Change: $-0.64, Percent Change: -5.70
Hong Kong Stocks Close Flat as Investors Eye China Data
Hong Kong stocks finished flat in green territory on Monday, giving up early gains, as investors await key China data this week that could help them interpret the strength of the recovery of that econ
Bank Ratings | Macquarie: Lowering Budweiser Asia Pacific's target price to HK$17.2, lowering earnings estimates for this year and next two years
Glonghui, April 8 | Macquarie predicts that Budweiser Asia Pacific's first-quarter sales volume in China and Korea fell 7% and 4% year-on-year due to the high base effect, and indicated that the weak performance of the Chinese market in the fourth quarter of last year continued until the Lunar New Year. The cumulative demand release in March and April of last year caused a high base effect. The sales volume of the beer industry in the Korean market also declined year by year. However, according to the bank, the company's high-end strategy in China continues to be good. Demand for Budweiser beer is performing well in lower-tier cities, but sales of core and value products have shrunk. The industry expects the average sales price of products in the Chinese market to increase by 2% year-on-year. South Korea's core product price increases in April and October of last year will enable the first quarter in the region
Hong Kong Stock Afternoon Review: The Hang Seng Index rushed higher and fell 0.09%, and gold prices reached a new high, and gold stocks soared, Budweiser Asia Pacific recorded a record low
Glonghui, April 8 | The three major indices of Hong Kong stocks rose rapidly in the morning session and then continued to fall back up. The fluctuations were quite obvious. By the midday close, the Hang Seng Index had fallen 0.09%, the National Index had risen slightly by 0.02%, and the Hang Seng Technology Index fell 0.42%. All three had risen by more than 1% in the intraday period. On the market, large technology stocks had mixed ups and downs. Meituan fell by more than 2%. Baidu, JD, and Tencent all had declines; Kuaishou, NetEase, and Alibaba rose slightly; electricity consumption growth exceeded expectations, power stocks surged, and Huaneng International Power rose by more than 10%; policies are expected to help improve domestic demand, and heavy infrastructure stocks rose across the board.
Changes in Hong Kong stocks | Budweiser Asia Pacific (01876.HK) once fell nearly 7%, and its stock price hit a new low, and it is expected that sales in the Chinese and Korean markets will decline in the first quarter
Budweiser Asia Pacific (01876.HK) once fell nearly 7%. The intraday low of HK$10.4 hit a new low since listing. As of press release, it decreased by 5.35% to HK$10.62, with a turnover of HK$118 million.
Xiaomo: Maintaining the Budweiser Asia Pacific (01876.HK) “neutral” rating and lowering the target price to HK$11
J.P. Morgan Chase released a research report stating that it maintains the “neutral” rating of Budweiser Asia Pacific (01876.HK) and believes that its current valuation is quite reasonable, and the target price has been lowered from HK$11.5 to HK$11.
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