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.