《大行》星展降百威亚太(01876.HK)目标价至9.4元 续吁“买入”

阿斯达克财经
Jun 30, 2025

星展研究报告指,百威亚太(01876.HK) 中国内地消费者需求仍未见实质改善,但由于比较基数低,销售趋势于首季开始逐步改善,该行料亚太西部地区次季销量跌幅将收窄至6%。而即饮渠道持续转移至居家渠道,加上高线城市的疫弱表现,令平均售价承压;该行料亚太西部地区次季平均售价跌2%,预期全年销量及平均售价下跌3%及2%。韩国方面,该行料次季销量有中单位数跌幅,平均售价有低单位数增长,但因销量萎缩及相关...

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