BUD APAC To Go Ex-Dividend On May 22nd, 2024 With 0.4128 HKD Dividend Per Share
May 14th - $BUD APAC(01876.HK)$ is trading ex-dividend on May 22nd, 2024. Shareholders of record on May 23rd, 2024 will receive 0.41407 HKD dividend per share on June 20th, 2024. The ex-dividend d
Budweiser Asia Pacific (01876) will pay a 2023 final dividend of HK41.28 cents per share on June 20
Budweiser Asia Pacific (01876) announced that the company expects to distribute 2 on June 20, 2024 (Thursday)...
BUD APAC: POLL RESULTS AT THE ANNUAL GENERAL MEETING HELD ON 14 MAY 2024 AND PAYMENT OF THE FINAL DIVIDEND
France and Pakistan: Reasonable “buy” rating for Budweiser Asia Pacific (01876) lowered to HK$17.5
France and Pakistan cut Budweiser Asia Pacific (01876)'s net profit forecast for 2024 by 4%.
Express News | Huajin Securities: Beer companies' performance is expected to continue to boost
Research and Development | Huaxing Capital: Lowering Budweiser Asia Pacific's target price to HK$16.52, the high base effect is expected to continue until the second quarter
Glonghui, May 10 | Huaxing Capital published a research report showing that Budweiser Asia Pacific's revenue for the first quarter of fiscal year 2024 fell 0.4% year-on-year, slightly lower than the forecast. The bank explained that the company's sales volume in the Asia-Pacific region fell 4.8% year-on-year during the same period, dragging down revenue performance. However, products continued to be high-end and sales prices in the Korean market rose in the fourth quarter of last year, driving the company's average sales price to increase 4.6% year-on-year, largely offsetting the negative impact of Budweiser's sales decline in Asia Pacific, and driving revenue to remain basically flat year over year. Taking into account adverse foreign exchange factors, Budweiser Asia Pacific's revenue for the first quarter of the 2024 fiscal year actually decreased by 3.5% year-on-year.
CCB International: Lowering Budweiser Asia Pacific (01876.HK) to “Hold” Target Price to HK$11.5
CCB International released a research report stating that the target price of Budweiser Asia Pacific (01876.HK) was lowered by 22.3% from HK$14.8 to HK$11.5, the EBITDA forecast for the 2024 and 2025 fiscal years was lowered by 2% and 4%, and the rating “outperforming the market” was lowered to “hold.” The company's results for the first quarter of 2024 were generally in line with expectations. Net profit fell 3.4% to US$287 million, and revenue fell 4%. However, the average unit selling price (ASP) improved by 1%, partly due to improved product mix, etc. The gross margin also increased 1.3 percentage points to 51.5%.
Everbright Securities: Continued to be optimistic about Budweiser Asia Pacific (01871)'s competitive advantage in the high-end and ultra-high-end sectors to maintain an “gain” rating
Everbright Securities's net profit forecast for Budweiser Asia Pacific 2024-2026 is US$10.4/11.76/US$1,317 million, respectively.
Budweiser Brewing Company APAC Limited Just Beat EPS By 8.0%: Here's What Analysts Think Will Happen Next
Budweiser Brewing Company APAC Limited (HKG:1876) last week reported its latest quarterly results, which makes it a good time for investors to dive in and see if the business is performing in line wit
Budweiser Asia Pacific (1876.HK): The structural upgrade under pressure in the western market is still going well under high base
Event: Budweiser Asia Pacific released its 2024 quarterly report. 24Q1 achieved revenue of US$1,643 million, endogenous -0.4%; normalized EBITDA was US$572 million, and endogenous +4.2% YoY;
Jefferies Adjusts Budweiser Brewing Co APAC's Price Target to HK$18.70 From HK$21.20, Keeps at Buy
05:18 AM EDT, 05/09/2024 (MT Newswires) -- Jefferies Adjusts Budweiser Brewing Co APAC's Price Target to HK$18.70 From HK$21.20, Keeps at Buy Price (HKD): $11.44, Change: $+0.44, Percent Change: +4.00
Budweiser Asia Pacific (1876.HK) Q1 of 2024: Volume decline and price increase; South Korea's profit margin grew by 3.2 percentage points
The decline in sales and sales volume in the first quarter of 2024 fell short of expectations, but average price growth drove profit margin expansion better than expected: endogenous revenue growth remained flat in the first quarter of 2024 (-0.4% year-on-year, slightly lower than the agreed estimate of +0.5%)
A quick look at the Hong Kong market | The three major indices rose sharply, and the Tech Index rose nearly 2%; TechNet stocks and Apple concept stocks improved, Meituan rose nearly 4%, and BYD Electronics rose more than 9%
Domestic housing stocks were popular. Shimao Group rose more than 33%, and Sunac China rose 10%; beer stocks rose by many stocks, China Resources Beer rose nearly 5%, and Budweiser Asia Pacific rose 4%.
UBS: Lowering Budweiser Asia Pacific's target price to HK$13.78 and lowering the profit forecast for this year and next two years
UBS published a report that lowered Budweiser Asia Pacific's earnings estimates by 6% and 7% respectively for this year and next, to reflect weak sales in China in the first half of the year. The target price dropped from HK$14.92 to HK$13.78. According to the bank, in the first quarter, endogenous revenue from the Chinese business fell 2.7% year on year, sales volume fell 6.2% year on year, but average sales price increased 3.7% year on year. The report quoted management as saying that the decline in sales was mainly based on the high base of the economic restart last year and the adverse weather effects of March. The company's sales volume of high-end products in China is generally stable, driven by channel expansion. The report also quoted management as saying that the high base pressure will ease in the second half of the year. The bank acknowledged
Changes in Hong Kong stocks | China Resources Brewery (00291) rose more than 5%, leading the rise in beer stocks and restaurants driving demand growth for beer and other products, and there is a clear trend of improvement in the industry
Beer stocks picked up in early trading. As of press release, China Resources Brewery (00291) rose 5.03% to HK$38.65; Budweiser Asia Pacific (01876) rose 3.45% to HK$11.38; and Tsingtao Brewery shares (00168) rose 3.02% to HK$61.4.
Budweiser Asia Pacific (01876.HK): Sales performance is pressured by price increases and cost dividends are realized
Note: The company publishes its 2024 quarterly report. In 2024, Q1 achieved total operating revenue of US$1,643 million, -3.5%/-0.4% in apparent and endogenous YoY; normalized EBITDA of US$572 million
Jefferies: Maintaining Budweiser Asia Pacific (01876.HK) “Buy” Rating Target Price Reduced to HK$18.7
Jefferies released a research report stating that it maintained the “buy” rating of Budweiser Asia Pacific (01876.HK) and lowered the annual earnings estimates by 11%, 7%, and 6% respectively from 2024 to 2026 to reflect the lowered sales forecast and profit expansion estimates. It is also expected that as the base effect declines, the Group's business performance will improve in the second half of the year, and the target price will be lowered from HK$21.2 to HK$18.7.
Jefferies: Maintaining Budweiser Asia Pacific (01876) “Buy” Rating and Lowering the Target Price to HK$18.7
Jefferies lowered Budweiser Asia Pacific (01876) earnings estimates for each year from 2024 to 2026 by 11%, 7%, and 6%, respectively.
Bank Rating | Jefferies: Lowering Budweiser Asia Pacific's Target Price to HK$18.7 to Maintain “Buy” Rating
Jefferies published a research report, quoting Budweiser Asia Pacific management as saying that due to the reopening of the mainland in the first half of last year, the industry is expected to face another high base in the Chinese market next quarter; in addition, the bad weather also affected the South China region. Meanwhile, management remains confident about the profit margin prospects of the Korean market. Jefferies expects Budweiser Asia Pacific to record a normalized EBITDA of about US$584 million in the second quarter, which represents a 1% natural increase, while sales are expected to drop 2.8%. The bank also lowered the Group's target price from HK$21.2 to HK$18.7, maintaining a “buy” rating. The bank also lowered the Group's annual profits from 2024 to 2026, respectively
BOC International: Reiterates Budweiser Asia Pacific (01876) “Buy” Rating Target Price of HK$15.6
BOC International expects the results of Budweiser Asia Pacific (01876) in the second quarter of 2024 to continue to be affected by the high base, but there should be some improvement in the second half of the year.
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