Credit Lyonnais Lowers BUD APAC (01876) Target Price to HK$9.3, Maintains "Outperform" Rating

Stock News

Aug 01, 2025

According to Zhitong Finance APP, Credit Lyonnais released a research report stating that BUD APAC (01876) continued to show improvement in its China business during the second quarter, but expects to face challenges in the third quarter. This is attributed to anti-luxury regulations following alcohol bans at official occasions that have been affecting restaurant channels since June, ongoing channel inventory reduction, and a high revenue base for comparison.

The firm has lowered BUD APAC's target price from HK$10.4 to HK$9.3 while maintaining its "Outperform" rating. The dividend yield above 5% provides downside protection for the stock price. The firm also revised down its earnings forecast, now projecting revenue and EBITDA declines of 6% and 9% respectively for 2025.

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This is attributed to anti-luxury regulations following alcohol bans at official occasions that have been affecting restaurant channels since June, ongoing channel inventory reduction, and a high revenue base for comparison.</p>\n<p>The firm has lowered BUD APAC's target price from HK$10.4 to HK$9.3 while maintaining its \"Outperform\" rating. The dividend yield above 5% provides downside protection for the stock price. The firm also revised down its earnings forecast, now projecting revenue and EBITDA declines of 6% and 9% respectively for 2025.</p>","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>Credit Lyonnais Lowers BUD APAC (01876) Target Price to HK$9.3, Maintains \"Outperform\" Rating</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nCredit Lyonnais Lowers BUD APAC (01876) Target Price to HK$9.3, Maintains \"Outperform\" Rating\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2025-08-01 14:52</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>According to Zhitong Finance APP, Credit Lyonnais released a research report stating that BUD APAC (01876) continued to show improvement in its China business during the second quarter, but expects to face challenges in the third quarter. This is attributed to anti-luxury regulations following alcohol bans at official occasions that have been affecting restaurant channels since June, ongoing channel inventory reduction, and a high revenue base for comparison.</p>\n<p>The firm has lowered BUD APAC's target price from HK$10.4 to HK$9.3 while maintaining its \"Outperform\" rating. The dividend yield above 5% provides downside protection for the stock price. The firm also revised down its earnings forecast, now projecting revenue and EBITDA declines of 6% and 9% respectively for 2025.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0672654166.SGD","symbol_name":"FTIF - Templeton Asian Growth A (acc) SGD-H1","start_time":0,"source_url":"","article_id":"1122094587","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1122094587","pubTimestamp":1754031170,"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":"According to Zhitong Finance APP, Credit Lyonnais released a research report stating that BUD APAC (01876) continued to show improvement in its China business during the second quarter, but expects...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0672654166.SGD":"FTIF - Templeton Asian Growth A (acc) SGD-H1","LU0543330483.HKD":"TEMPLETON ASIAN GROWTH \"A\" (HKD) ACC","LU0762541174.USD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AM2\" (USD) INC","LU0320764755.SGD":"FTIF - Templeton Asian Growth A Acc SGD","LU0831093199.SGD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AM3\" (SGDHDG) INC","LU0630378692.HKD":"HSBC GIF ASIA PACIFIC EX JAPAN EQ HD \"AM2\" (HKD) INC","LU0128522157.USD":"TEMPLETON ASIAN GROWTH \"A\" ACC","LU0630378429.USD":"HSBC GIF ASIA PACIFIC EX JAPAN EQ HD \"AM2\" (USD) INC","LU0762542818.HKD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AM\" (HKD) INC","LU0197773160.USD":"HSBC GIF ASIA PACIF EX JAPAN EQ HD \"AC\" ACC","SG9999001903.USD":"Aberdeen Standard Pacific Equity USD","LU0762540952.USD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AC\" (USD) ACC","01876":"百威亚太","LU0197773673.USD":"HSBC GIF ASIA PACIF EX JAPAN EQ HD \"AS\" (USD) INC","BK1510":"啤酒","BK1604":"节假日概念","BK1180":"啤酒酿造商","BK1578":"个体经济","LU0029875118.USD":"TEMPLETON ASIAN GROWTH \"A\" INC","SG9999000459.SGD":"Aberdeen Standard Pacific Equity SGD","BK1589":"北水核心资产"},"translate_title":"里昂信贷下调巴德亚太(01876)目标价至9.3港元维持“跑赢大市”评级","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01876":1},"content_text":"According to Zhitong Finance APP, Credit Lyonnais released a research report stating that BUD APAC (01876) continued to show improvement in its China business during the second quarter, but expects to face challenges in the third quarter. This is attributed to anti-luxury regulations following alcohol bans at official occasions that have been affecting restaurant channels since June, ongoing channel inventory reduction, and a high revenue base for comparison.\nThe firm has lowered BUD APAC's target price from HK$10.4 to HK$9.3 while maintaining its \"Outperform\" rating. The dividend yield above 5% provides downside protection for the stock price. The firm also revised down its earnings forecast, now projecting revenue and EBITDA declines of 6% and 9% respectively for 2025.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}