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<Research>CLSA Trims BUD APAC's TP to HKD9.3; Rating Kept Outperform
According to a CLSA research report, BUD APAC (01876.HK) showed continuous improvement in its China operations in 2Q25, but it is expected to face challenges in 3Q due to anti-extr...
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<Research>CLSA Trims BUD APAC's TP to HKD9.3; Rating Kept Outperform
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According to a CLSA research report, BUD APAC (01876.HK)  -0.170 (-2.058%)    Short selling $167.72M; Ratio 53.780%   showed continuous improvement in its China operations in 2Q25, but it is expected to face challenges in 3Q due to anti-extravagance regulations affecting restaurant channels after the ban on alcohol at certain official events since June, ongoing channel destocking, and a higher revenue base.

The broker reduced its target price for BUD APAC from HKD10.4 to HKD9.3, with an Outperform rating remaining in place.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-08-01 16:25.)

Related NewsNomura: BUD APAC (01876.HK) 2Q EBITDA Margin Beats; Recovery Not Visible Yet

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