UBS released a research report stating that the target price of Budweiser Asia Pacific was reduced from HK$15.29 to HK$14.92, predicting a 10-fold corporate value ratio this year based on forecasting a 7% compound annual EBITDA growth rate from this year

UBS released a research report stating that the target price of Budweiser Asia Pacific was reduced from HK$15.29 to HK$14.92, predicting a 10-fold corporate value ratio this year based on forecasting a 7% compound annual EBITDA growth rate from this year to 2026. The bank believes that sufficient cash and favorable markets around the world increase the possibility of companies considering mergers and acquisitions. The bank's analysis indicates that the ASEAN region provides suitable mergers and acquisitions based on impressive beer consumption, integrated industries, and attractive profitability.

Zhitong FinanceMay 6 15:23

Express News | Dongguan Securities: Catering drives demand for beer and other products

BreakingsMay 6 14:57

Intraday Overview | The three major indices of Hong Kong stocks weakened slightly, and the pharmaceutical outsourcing concept rose against the market

Road transport stocks strengthened; Guangzhou-Shenzhen Railway shares rose more than 9%, Anhui Wantong Expressway rose more than 6%; domestic housing stocks collectively pulled back, Agile Group fell more than 6%, and Midea Real Estate fell more than 5%.

Futu NewsMay 6 10:49

CITIC Securities: Maintaining Tsingtao Brewery's (00168) “Buy” Rating Target Price of HK$80

CITIC Securities anticipates that the core net profit of Tsingtao Brewery Co., Ltd. (00168) will continue to grow by more than 15% over the next three years.

Zhitong FinanceMay 6 10:22

Changes in Hong Kong stocks | Tsingtao Brewery Co., Ltd. (00168) rose more than 5%, and the company's profit in the first quarter exceeded expectations, and the trend of structural upgrading continues

Tsingtao Brewery shares (00168) rose more than 5% intraday, reaching a new high of HK$61.45 since October 2023. As of press release, it rose 4.72% to HK$61, with a turnover of HK$221 million.

Zhitong FinanceMay 6 10:15

Tsingtao Brewery's 2Q-3Q Net Profit Growth Likely to Be Strong -- Market Talk

0800 GMT - Tsingtao Brewery's 2Q-3Q net profit growth is likely to be strong, thanks to an easing comparison base and a faster increase in its average selling prices, Daiwa Capital Markets analysts sa

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