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Hong Kong Stocks are fluctuating. Beer stocks continue to decline, and the weak consumption is affecting the market. Beer production has declined continuously for four months.
Beer stocks continued their downward trend. As of press time, Tsingtao Brew (00168) fell 3.77%, to HKD 45.9; China Res Beer (00291) fell 3.75%, to HKD 24.35.
Hong Kong stocks fluctuate: Bud APAC (01876) fell more than 4% in the afternoon, the company will release its performance report early next month, Goldman Sachs said that weak consumer demand is affecting the beer market.
Bud APAC (01876) fell more than 4% in the afternoon. As of press time, it fell 4.9%, reporting HKD 9.5, with a turnover of HKD 0.114 billion.
Bud APAC (01876.HK) held a board of directors committee meeting on July 31 to review and approve its half-year performance.
Bud APAC (01876.HK) announced on July 19 that the Board of Directors will hold a meeting on July 31, 2024 (Wednesday) after the trading session to consider and approve the publication of unaudited performance results for the six months ending June 30, 2024 ("Half-yearly Performance"). The company expects to release the half-yearly results announcement on August 1, 2024 (Thursday) at 7:00 a.m. (Hong Kong time) or around that time.
BUD APAC: DATE OF BOARD COMMITTEE MEETING TO APPROVETHE UNAUDITED RESULTSFOR THE SIX MONTHS ENDED 30 JUNE 2024
Hong Kong stocks surge | Bud APAC (01876) rose by nearly 3% again, beer sales in peak season are worth looking forward to, and the Olympics may serve as a catalyst for the company's stock price.
Bud APAC (01876) has risen nearly 3%, as of press time, up 2.81%, to HKD 10.24, with a turnover of HKD 57.1199 million.
HSBC: Gives Bud APAC (01876) a “shareholding” rating with a target price of HKD 16.
Daiwa sees the Olympics as a catalyst for Bud APAC (01876) stock price.
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