Budweiser Brewing Co. Apac's China Volume Could Recover on Low Base

Dow Jones

07/06

0935 GMT - Budweiser Brewing Co. APAC's China segment volume could recover in 2H, thanks to a low base, DBS Group Research analysts say in a note. China's beer production declined in April and May on weaker demand and poor weather, which the analysts say likely resulted in a midsingle-digit drop in Bud APAC's 2Q China sales volume. Still, the repositioning of some products as premium should support the brewer's average selling prices, they add. Its expanding channels and potentially warmer weather should prop up demand, too. DBS cuts its 2026-2027 earnings projections by 7%-10% on softness in Chinese sales and slower South Korea sales growth. It lowers the target price to HK$8.20 from HK$9.30 but maintains a buy rating, noting that the stock's valuation has priced in near-term weakness. Shares close at HK$6.23. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

July 06, 2026 05:35 ET (09:35 GMT)

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Apac's China Volume Could Recover on Low Base","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0935 GMT - Budweiser Brewing Co. APAC's China segment volume could recover in 2H, thanks to a low base, DBS Group Research analysts say in a note. China's beer production declined in April and May on weaker demand and poor weather, which the analysts say likely resulted in a midsingle-digit drop in Bud APAC's 2Q China sales volume. Still, the repositioning of some products as premium should support the brewer's average selling prices, they add. Its expanding channels and potentially warmer weather should prop up demand, too. DBS cuts its 2026-2027 earnings projections by 7%-10% on softness in Chinese sales and slower South Korea sales growth. It lowers the target price to HK$8.20 from HK$9.30 but maintains a buy rating, noting that the stock's valuation has priced in near-term weakness. Shares close at HK$6.23. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 06, 2026 05:35 ET (09:35 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Budweiser Brewing Co. Apac's China Volume Could Recover on Low Base</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBudweiser Brewing Co. Apac's China Volume Could Recover on Low Base\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2026-07-06 17:35</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0935 GMT - Budweiser Brewing Co. APAC's China segment volume could recover in 2H, thanks to a low base, DBS Group Research analysts say in a note. China's beer production declined in April and May on weaker demand and poor weather, which the analysts say likely resulted in a midsingle-digit drop in Bud APAC's 2Q China sales volume. Still, the repositioning of some products as premium should support the brewer's average selling prices, they add. Its expanding channels and potentially warmer weather should prop up demand, too. DBS cuts its 2026-2027 earnings projections by 7%-10% on softness in Chinese sales and slower South Korea sales growth. It lowers the target price to HK$8.20 from HK$9.30 but maintains a buy rating, noting that the stock's valuation has priced in near-term weakness. Shares close at HK$6.23. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 06, 2026 05:35 ET (09:35 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999003800.SGD","symbol_name":"Nikko AM Global Dividend Equity Acc SGD-H","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2649145640","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2649145640","pubTimestamp":1783330500,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0935 GMT - Budweiser Brewing Co. APAC's China segment volume could recover in 2H, thanks to a low base, DBS Group Research analysts say in a note. China's beer production declined in April and May on weaker demand and poor weather, which the analysts say likely resulted in a midsingle-digit drop in Bud APAC's 2Q China sales volume. Still, the repositioning of some products as premium should support the brewer's average selling prices, they add. Its expanding channels and potentially warmer weather should prop up demand, too. DBS cuts its 2026-2027 earnings projections by 7%-10% on softness in Chinese sales and slower South Korea sales growth. It lowers the target price to HK$8.20 from HK$9.30 but maintains a buy rating, noting that the stock's valuation has priced in near-term weakness. Shares close at HK$6.23.  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APAC's China segment volume could recover in 2H, thanks to a low base, DBS Group Research analysts say in a note. China's beer production declined in April and May on weaker demand and poor weather, which the analysts say likely resulted in a midsingle-digit drop in Bud APAC's 2Q China sales volume. Still, the repositioning of some products as premium should support the brewer's average selling prices, they add. Its expanding channels and potentially warmer weather should prop up demand, too. DBS cuts its 2026-2027 earnings projections by 7%-10% on softness in Chinese sales and slower South Korea sales growth. It lowers the target price to HK$8.20 from HK$9.30 but maintains a buy rating, noting that the stock's valuation has priced in near-term weakness. Shares close at HK$6.23. (megan.cheah@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 06, 2026 05:35 ET (09:35 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}