智通财经APP获悉，里昂发布研报称，维持百威亚太(01876)“跑赢大市”评级，目标价由9.1港元上调至10.4港元。该行预料，集团今年收入增长同比升5%，正常化税息折旧及摊销前利润同比持平，主要是较高毛利率将抵销较高市场行销支出。
里昂指，百威亚太第四季收入同比跌11.7%至11亿美元，低于预期，主要是受到内地市场拖累，其有机税息折旧及摊销前利润胜于预期，其净亏损达1,600万美元，低于预期。
该行指，乐见管理层积极扩大中国市场份额，并对其前景感到更加乐观，即使部分措施仍处于初步阶段，并需时推行，但仍可见部分积极因素，例如加快执行速度、更愿意增加行销支出、采用新包装、更多创新和低基数等。
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