Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>Citi Cuts BUD APAC's TP to HKD11.4, Trims Sales & Profit Forecasts
Recommend 3 Positive 5 Negative 3 |
||||
|
||||
|
Citi has released a research report lowering its 2025-27 sales forecasts for BUD APAC (01876.HK) by 3%/ 4%/ 4% to reflect a less favorable outlook for its China business in 2H25 than previously expected. As the Lunar New Year will arrive later than usual in 2026, the broker also estimates BUD APAC's 4Q25 sales to be damaged even worse. In light of weakened operating leverage, Citi has trimmed its 2025-27 core net profit forecasts for BUD APAC by 10%/ 10%/ 9%. BUD APAC's target price has been cut from HKD12.4 to HKD11.4, with a Buy rating remaining in place. Citi's preference order for Chinese beer makers remains unchanged: CHINA RES BEER (00291.HK) > BUD APAC > TSINGTAO BREW (00168.HK). AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
