Budweiser Brewing Co. APAC Set on Rebuilding China Market Share -- Market Talk

Dow Jones

Feb 12

0956 GMT - Budweiser Brewing Co. APAC appears set to rebuild its China market share, Citi's Xiaopo Wei says in a note. The analyst points to various levers Budweiser executives listed on the earnings call to drive revenue this year, such as building presence in emerging channels like instant retail. He notes management comments that 2026's sales momentum is similar to 4Q's, with market share stabilizing. Management also indicated that 4Q channel inventories fell on year, leaving the brewer better placed ahead of the Lunar New Year, Wei writes. Another positive is that management expects "only small headwinds" on unit cost this year, given its hedging of key soft commodities and relatively stable barley prices. Citi maintains a buy call and HK$11.40 target price. Shares close at HK$7.83. (jason.chau@wsj.com)

(END) Dow Jones Newswires

February 12, 2026 04:56 ET (09:56 GMT)

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APAC appears set to rebuild its China market share, Citi's Xiaopo Wei says in a note. The analyst points to various levers Budweiser executives listed on the earnings call to drive revenue this year, such as building presence in emerging channels like instant retail. He notes management comments that 2026's sales momentum is similar to 4Q's, with market share stabilizing. Management also indicated that 4Q channel inventories fell on year, leaving the brewer better placed ahead of the Lunar New Year, Wei writes. Another positive is that management expects \"only small headwinds\" on unit cost this year, given its hedging of key soft commodities and relatively stable barley prices. Citi maintains a buy call and HK$11.40 target price. Shares close at HK$7.83. (jason.chau@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  February 12, 2026 04:56 ET (09:56 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. 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APAC Set on Rebuilding China Market Share -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\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\">2026-02-12 17:56</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0956 GMT - Budweiser Brewing Co. APAC appears set to rebuild its China market share, Citi's Xiaopo Wei says in a note. The analyst points to various levers Budweiser executives listed on the earnings call to drive revenue this year, such as building presence in emerging channels like instant retail. He notes management comments that 2026's sales momentum is similar to 4Q's, with market share stabilizing. Management also indicated that 4Q channel inventories fell on year, leaving the brewer better placed ahead of the Lunar New Year, Wei writes. Another positive is that management expects \"only small headwinds\" on unit cost this year, given its hedging of key soft commodities and relatively stable barley prices. Citi maintains a buy call and HK$11.40 target price. Shares close at HK$7.83. (jason.chau@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  February 12, 2026 04:56 ET (09:56 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0543330483.HKD","symbol_name":"TEMPLETON ASIAN GROWTH \"A\" (HKD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2610949056","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2610949056","pubTimestamp":1770890160,"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":"0956 GMT - Budweiser Brewing Co. APAC appears set to rebuild its China market share, Citi's Xiaopo Wei says in a note. The analyst points to various levers Budweiser executives listed on the earnings call to drive revenue this year, such as building presence in emerging channels like instant retail. He notes management comments that 2026's sales momentum is similar to 4Q's, with market share stabilizing. Management also indicated that 4Q channel inventories fell on year, leaving the brewer better placed ahead of the Lunar New Year, Wei writes. Another positive is that management expects \"only small headwinds\" on unit cost this year, given its hedging of key soft commodities and relatively stable barley prices. Citi maintains a buy call and HK$11.40 target price. Shares close at HK$7.83. 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APAC appears set to rebuild its China market share, Citi's Xiaopo Wei says in a note. The analyst points to various levers Budweiser executives listed on the earnings call to drive revenue this year, such as building presence in emerging channels like instant retail. He notes management comments that 2026's sales momentum is similar to 4Q's, with market share stabilizing. Management also indicated that 4Q channel inventories fell on year, leaving the brewer better placed ahead of the Lunar New Year, Wei writes. Another positive is that management expects \"only small headwinds\" on unit cost this year, given its hedging of key soft commodities and relatively stable barley prices. Citi maintains a buy call and HK$11.40 target price. Shares close at HK$7.83. 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