Express News | Citi: The consumer stimulus plan is expected to boost investor confidence, and a rotation allocation in the Sector may be seen in the second quarter.
Hong Kong market quick look | The three major indices rebound strongly! The Hang Seng Index surged over 2%, with the technology and Infants-Related concept stocks performing brilliantly, Meituan rising over 5%, and JXR skyrocketing nearly 42%.
Multiple Network Technology stocks are rising, MEITUAN-W is up 5.41%, JD-SW is up 5.34%; Golden Industrial Concept stocks are strong, TONGGUAN GOLD is down 14.61%, CHINAGOLDINTL is up 8.06%; Alcoholic Beverages stocks are all rising, PALINDA GROUP is down 6.74%, CHINA RES BEER is up 5.46%.
The Dining, Alcoholic Beverages, and Sporting Goods sectors have all shown strong performance. The report from the China Consumer Association shows that over 60% of consumers believe the consumption environment is getting better.
Jinwu Financial News | The Consumer Sectors, including Dining, Alcoholic Beverages, and Sporting Goods, are showing strong performance. In the Dining Sector, JIUMAOJIU (09922) rose by 6.01%, XIABUXIABU (00520) increased by 4.65%, SHANGHAI XNG (03666) grew by 4.17%, HAIDILAO (06862) rose by 2.95%, and HAILUNSI (09869) increased by 2.42%. In the Alcoholic Beverages Sector, BUD APAC (01876) rose by 6.37%, CHINA RES BEER (00291) increased by 5.07%, TSINGTAO BREW (00168) grew by 4.99%, and DYNASTY WINES (00828) rose by 3.
Market Chatter: AB InBev Denies Job Cuts at Budweiser APAC
Hong Kong Stock Concept Tracking | Stimulating Consumer spending is the primary task of government work in 2025. The Baijiu Sector may undergo valuation recovery (including concept stocks).
Tianfeng: It is expected that the performance growth rate of the Baijiu Sector may reverse starting in the second half of 2025.
AB InBev denies reports that BUD APAC (01876.HK) plans to lay off thousands of employees this year.
It is reported that BUD APAC (01876.HK) will cut thousands of jobs this year. According to Reuters, a spokesperson for BUD APAC's parent company, Anheuser-Busch InBev, stated that the report is not true and mentioned that long-term investments in China will continue. Previously, Bloomberg reported that BUD APAC seeks to reduce its operating costs by 15% this year, including cutting thousands of jobs. Last year, the company reduced its workforce by 16% from around 0.025 million employees. Anheuser-Busch InBev announced last month that its fourth-quarter profits exceeded expectations, despite a 19% year-on-year decline in sales in the Chinese market.
The business is facing difficulties, and it is reported that Anheuser-Busch Inbev (BUD.US) subsidiary BUD APAC (01876) will lay off thousands of people to cut costs.
According to informed sources, due to weak Consumer demand, BUD APAC, a subsidiary of the world's largest Beer manufacturer Anheuser-Busch Inbev, plans to lay off thousands of employees this year to cut costs.
According to reports, BUD APAC (01876.HK) plans to cut thousands of positions again this year.
According to reports cited by Bloomberg, BUD APAC (01876.HK) plans to cut thousands of jobs this year to reduce costs, as the company faces weak demand in China. The report cites sources indicating that BUD APAC plans to reduce operating costs by approximately 15% this year, after cutting 16% of its workforce last year from over 0.025 million employees.
Budweiser APAC Plans More Job Cuts, Mostly in China, Bloomberg Says, Citing Sources
Express News | Market news: BUD APAC will lay off thousands of employees and reduce costs by 15%.
Quick look at the Hong Kong market | The three major indexes surged in the closing, with the tech index rising nearly 1.4%; semiconductor stocks performed well, with HUA HONG SEMI up over 5%; old pawn shop Gold rose nearly 13%, and Mixue Group set a new h
Network Technology stocks have mixed performance, KUAISHOU-W is up 5.15%, XIAOMI-W is up 1.99%; Alcoholic Beverages stocks are rising, SAN MIGUEL HK is up 6.41%, ZJLD is up 6.36%; Semiconductor stocks are performing well, HUA HONG SEMI is up 5.16%, SHANGHAI FUDAN is up 5.15%.
Express News | Today, a total of 617 Hong Kong stocks were short-sold, with a total short-selling amount of 30.134 billion Hong Kong dollars.
Hong Kong Stock Midday Review | The three major Indexes opened low and rose high! The Hang Seng Index reached a three-year high again; Network Technology stocks performed impressively, with Kuaishou rising over 5%; MiXue Group rose over 8%, with a Market
Network Technology stocks rose, KUAISHOU-W increased by 5.02%, Bilibili-W increased by 4.16%; Digital Health stocks generally fell, JD HEALTH decreased by 9.56%, PA GOODDOCTOR decreased by 3.96%; Alcoholic Beverages stocks all rose, DYNASTY WINES fell by 4.69%, PALINDA GROUP fell by 4.08%.
Quick look at the Hong Kong market | The three major indexes opened lower but rose higher, with the tech index basically flat, and BYD shares falling nearly 7%; some Robot Concept stocks rose, with Ubtech rising over 10%.
Network Technology stocks show mixed performance, with Alibaba-W down 1.99% and Baidu Group-SW up 1.74%; Autos stocks are mostly down, with BRILLIANCE CHI falling 9.43% and BYD shares down 6.77%; Alcoholic Beverages stocks are all up, with CHINA RES BEER rising 4.53% and BUD APAC up 4.50%.
Large bank rating丨UBS Group: Raises BUD APAC Target Price to HKD 9.16, maintains "Buy" rating.
Gelonghui, March 4 | UBS Group has raised the Target Price for BUD APAC (1876.HK) from HKD 8.20 to HKD 9.16, maintaining a "Buy" rating. The average selling price forecast for this year to 2027 is raised by 2% to 3% to reflect ongoing premiumization trends and slightly lower sales growth. The bank also adjusted the EBITDA margin for the company's mainland Business by 219 to 339 basis points, to 36% to 37%, thereby driving up the profit forecast during this period by 12% to 17%.
UBS Group has raised the Target Price for BUD APAC (01876.HK) to 9.16 yuan with a rating of "Buy".
According to UBS Group's research report, BUD APAC (01876.HK) management has reiterated that improving the channel mix and brand portfolio will be the primary task for revenue growth this year in the mainland, confirming the company's long-term strategy of geographic expansion and premiumization. BUD APAC aims to stabilize and expand its market share by establishing partnerships with Dealers, focusing on coastal areas and then gradually penetrating into the western or lower-tier cities. BUD APAC also plans to leverage its Harbin Beer non-sugar products to upgrade its brand portfolio from core+ to high-end. From an industry perspective, management expects this year's beer sales to record low single-digit growth.
Hong Kong stock midday review | The Hong Kong stock market opened lower and rose higher, the science and technology index narrowed its decline to 0.27%; Autos stocks fell, BYD shares dropped over 6%; Golden Industrial Concept stocks rose against the marke
Network Technology stocks weakened, Bilibili-W rose by 2.34%, Alibaba-W fell by 1.92%; Autos stocks weakened, BRILLIANCE CHI fell by 8.02%, Geely Autos fell by 6.82%; Golden Industrial Concept stocks generally rose, LINGBAO GOLD increased by 4.75%, ZHAOJIN MINING rose by 4.08%.
BUD APAC (1876.HK): The trend of strong east and weak west continues, with the dividend ratio exceeding expectations.
Event: BUD APAC achieved a total revenue of 6.246 billion US dollars for the full year 2024, with a year-on-year organic decrease of 7.0%; normalized EBITDA was 1.807 billion US dollars, with a year-on-year organic decrease of 6.3%. Among them, Q4 24 achieved revenue.
BUD APAC (01876.HK) has granted a maximum of 8.98 million restricted share units.
On February 28, Gelonghui announced that BUD APAC (01876.HK) will, on February 28, 2025, grant a maximum of 5,365,000 company restricted shares to several qualified employees of the group in the form of Watchlist shares, according to the terms of its equity-based compensation plan adopted on September 9, 2019, and revised on May 8, 2023, and will grant a maximum of 8,980,000 restricted share units to several grantees.
The Hang Seng Index Company has launched the Hang Seng Stock Connect free cash flow Indices.
The Hang Seng Index company announced the launch of the Hang Seng Stock Connect free cash flow index, which will be calculated and released in real time every two seconds. The index will undergo a semi-annual review in the second and fourth quarters of each year according to the review and adjustment schedule of the Hang Seng Index series. The latest changes to the constituent stocks will take effect after the close on March 7 and will be effective from March 10. The latest 50 constituent stocks include PetroChina (00857.HK), CNOOC (00883.HK), China Shenhua Energy (01088.HK), China Coal Energy (01898.HK), Yankuang Energy (01171.HK), and SHOUGANG RES (00639.