UBS Cuts BUD APAC (01876) Target Price to HK$8.75, Maintains "Buy" Rating

Stock News

10/31

UBS released a research report stating that BUD APAC (01876) reported Q3 2025 revenue and adjusted EBITDA of $1.555 billion and $438 million, respectively, down 8.8% and 8.6% year-on-year. These figures were 1-3% below the bank's expectations but broadly in line with market consensus.

The bank lowered its 2025–2027 earnings forecasts for BUD APAC by 7–9%, citing persistent weakness in the Chinese market and limited visibility for Q4, with recovery now expected to be delayed until 2026.

Despite the downward revision, UBS maintained a "Buy" rating, citing premiumization trends in the home consumption channel, attractive valuation, and strong cash reserves sufficient to support stable dividends in 2025. The target price was reduced from HK$9.07 to HK$8.75.

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These figures were 1-3% below the bank's expectations but broadly in line with market consensus.</p>\n<p>The bank lowered its 2025–2027 earnings forecasts for BUD APAC by 7–9%, citing persistent weakness in the Chinese market and limited visibility for Q4, with recovery now expected to be delayed until 2026.</p>\n<p>Despite the downward revision, UBS maintained a \"Buy\" rating, citing premiumization trends in the home consumption channel, attractive valuation, and strong cash reserves sufficient to support stable dividends in 2025. The target price was reduced from HK$9.07 to HK$8.75.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1604","symbol_name":"節假日概念","start_time":0,"source_url":"","article_id":"1161198093","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1161198093","pubTimestamp":1761897972,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"UBS released a research report stating that BUD APAC (01876) reported Q3 2025 revenue and adjusted EBITDA of $1.555 billion and $438 million, respectively, down 8.8% and 8.6% year-on-year. 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