Budweiser Brewing Co. APAC Likely to Face Tepid China Sales Recovery
Dow Jones
Jul 01
0245 GMT - Budweiser Brewing Co. APAC is likely to face an earnings hit from tepid sales volume recovery in China, UOB Kay Hian's Stella Guo says in a report. Budweiser's sales volume in China is likely to stay under pressure in 2Q owing to weakness in on-trade channels and rainy weather in some regions, the analyst says. At group level, Ebitda is projected to see greater pressure than topline due to rising commercial investments and other factors. The brokerage cuts its 2026-2027 earnings forecasts for the company by 5% each. It lowers its target price on the stock to 9.30 Hong Kong dollars from HK$10.20 with an unchanged buy rating. Shares last closed at HK$6.10. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
June 30, 2026 22:45 ET (02:45 GMT)
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