0918 GMT - Budweiser Brewing Company APAC's push into some untapped sales channels should help offset weaker volumes in Chinese restaurants from 2026, Citi says. They note the beer company, which traditionally sells its products at mom-and-pop stores and convenience stores, is now targeting more modern channels, such as supermarkets and membership clubs.Budweiser APAC has also adjusted its product positioning and sales mix in Fujian to fend off competition from rival Heineken. The analysts anticipate such an adjustment to be implemented across China. Citi maintains a buy rating and a HK$12.40 target on the brewer, which closed 0.6% higher at HK$8.28. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
September 17, 2025 05:18 ET (09:18 GMT)
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