Budweiser Brewing APAC Drops Nearly 4% as Analyst Predicts Weaker-Than-Industry Performance on Persistent China Weakness

Stock News
5小时前

Budweiser Brewing Company APAC Ltd (01876) shares fell close to 4%, down 3.89% as of press time to HK$5.685, with turnover of HK$31.3136 million.

On the news front, Goldman Sachs noted in a recent research report that Budweiser Brewing APAC is set to release its third-quarter results by the end of October. The investment bank forecasts that weak industry demand, unfavorable weather conditions, and ongoing inventory destocking will continue to weigh on sales in the Chinese market, with the company's performance potentially lagging behind the broader industry.

Goldman Sachs currently estimates that on an organic basis, the group's third-quarter revenue and EBITDA will decline by 10% and 18.1% respectively. In US dollar terms, third-quarter reported net profit is expected to reach US$101 million, while recurring net profit is projected at US$142 million, representing year-on-year declines of 45.4% and 30.4% respectively.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10