01876 BUD APAC
- 9.610
- +0.110+1.16%
BUD APAC News
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.
Beer stocks are gaining against the market trend. Bud APAC (01876) rose 2.61%. Institutions are bullish on beer's performance during the peak season.
Jingu Financial News: Beer stocks are doing well against the trend, with Bud APAC (01876) up 2.61%, Tsingtao Brew (00168) up 1.95%, China Res Beer (00291) up 1.59%, and San Miguel HK (00236) up 0.96%. Galaxy Securities is bullish on beer sales in the peak season. In May 2024, China's beer production was 3.535 million kiloliters, a year-on-year increase of 4.5%. The cumulative production in the first five months of 2024 was 15.045 million kiloliters, a year-on-year increase of +0.7%. The high base effect will still exist in 2023. The sales peak season in July is coming, along with a high base effect from the previous year.
Goldman Sachs: Weak consumer demand affects beer market, lowering target prices for multiple beer stocks.
Goldman Sachs believes that the domestic beer market is currently facing headwinds in the short term, and has lowered its profit forecast for beer stocks from 2024 to 2026 by 1% to 11% respectively to reflect the weak consumer trend.
HK stocks surge | China Res Beer (00291) rises more than 3%, leading the beer stocks. The product structure continues to upgrade, and the sales performance in the peak season is worth looking forward to.
Beer stocks are rising. As of press time, China Resources Beer (00291) is up 3.08%, trading at HK$28.45; Bud APAC (01876) is up 2.57%, trading at HK$9.96, and Tsingtao Brewery (00168) is up 2.17%, trading at HK$51.7.
Brokerage focused on bullish beer's sales performance during the peak season.
Galaxy Securities is bullish on the performance of beer sales during peak season. In May 2024, China's beer production was 3.535 million kiloliters, a year-on-year increase of 4.5%. From January to May 2024, cumulative production was 15.045 million kiloliters, a year-on-year increase of 0.7%. The high base effect of 2023 still exists. With the approach of the sales peak season in July and the gradual weakening of the high base effect of the previous year, as well as the active sales and brand promotion strategies of various listed companies, the bank expects that sales during the peak season will perform well.
Is The Market Rewarding Budweiser Brewing Company APAC Limited (HKG:1876) With A Negative Sentiment As A Result Of Its Mixed Fundamentals?
Hong Kong stock market abnormality | Beer stocks rebounded in the morning, and the sector entered a low base from Q3, with multiple scenarios catalyzing on the demand side.
According to the Wisdom Finance APP, beer stocks rebounded in early trading. As of press time, China Resources Beer (00291) rose 3.61% to HKD 27.3; Tsingtao Brew (00168) rose 3.33% to HKD 49.7; and Bud APAC (01876) rose 0.73% to HKD 9.71. Founder Securities pointed out that due to the high base, weaker performance in dining, and the impact of rainy weather, we expect that beer industry Q2 sales volume will come under pressure, the trend of structural upgrading will continue, cost improvement has certainty, and overall profitability is stable. Looking forward to the whole year, we believe that starting from Q3, the entire sector will enter a low base, continuing the trend of structural upgrading.
Guotou Securities: Individual stock dividend yields highlight value, and the food and beverage sector enters the allocation range.
Zhìtōng Cáijīng APP learned that Guótóu Securities has released a research report stating that Maotai's batch pricing is gradually stabilizing, leading companies are expressing their stance, and individual stock dividend yields highlight value, the sector has entered the range of allocation.
Jianyin International: Maintains 'Neutral' Rating for Bud APAC (01876), Target Price lowered to HKD 9.2.
CICC International expects Bud APAC (01876) to see a 6% increase in revenue in the second half of fiscal year 2024.
Bank Rating | CICC International: Expects weak performance for Bud APAC in the next quarter, lowering target price to HKD 9.2.
China International Capital Corporation released a research report indicating that Budweiser APAC was affected by unfavorable weather, a high base, and weaker-than-expected consumer sentiment, so the bank lowered its forecast for revenue growth in the second quarter of the Asia Pacific West region to a decline of 4%, and also lowered its forecast for volume and price growth by 5% and 1%, respectively. The bank expects that sales of high-end and ultra-high-end categories in the group's western region will achieve low single-digit growth or remain flat in the second quarter. The bank also maintains its sales volume and price forecasts for the group in the Asia Pacific East region. China International Capital Corporation expects weak performance in the second quarter of the group. Although raw material costs have fallen, the bank predicts that the group's comprehensive gross margin for the second quarter will decline from 52.
Nomura: Maintains a "buy" rating for Bud APAC (01876), with a target price reduced to HK$14.1.
Zhixin Finance APP learned that Nomura released a research report stating that it has lowered the target price of Bud APAC (01876) from HKD 15.2 to HKD 14.1 while maintaining a 'buy' rating. The bank predicts that Bud APAC's performance in the second quarter of this year will be weak, with poor performance in the Chinese market due to bad weather and weak demand, resulting in a 7% decline in revenue and net profit in the second quarter. Strong performance in India and the Asia Pacific region offset some of the impact.
Budweiser Brewing Co. APAC Target Price Lowered to HK$14.10 From HK$15.20 by Nomura >1876.HK
Jefferies Adjusts Budweiser Brewing Company APAC's Price Target to HK$16.70 From HK$18.70, Keeps at Buy
HK stocks volatility: Bud APAC (01876) is now up nearly 4%, with sales expected to improve sequentially in the second half of the year. The trend of beer premiumization is expected to continue.
According to the Wisdom Financial APP, Bud APAC (01876) is now up nearly 4%, as of press time, up 3.61% at HKD 9.48, with a turnover of HKD 59.42 million. On the news front, Ping An Securities pointed out that cost dividends contribute to profit elasticity, and the high-end trend of beer will continue in the long run. With the cancellation of the double reverse by Australia and the continuous fall of packaging material prices, as the cost dividends are transmitted, the industry's profitability is expected to continue to improve, with 2024 being the period for the cost dividends of beer to be realized. Currently, with the upgrading of product structure, the ton price of beer enterprises continues to rise, and although there is short-term consumption weakness, the long-term trend of high-end beer will continue.
HK Stock Market Unusual Movement | Bud APAC (01876) fell more than 4%, leading the decline in beer stocks. Beer demand will be suppressed in the short term, but data is expected to improve month-on-month as the peak season approaches.
Beer stocks fell today. As of press time, China Res Beer (00291) fell by 4.29% to HKD 27.9; Bud APAC (01876) fell by 3.62% to HKD 8.79; Tsingtao Brew (00168) fell by 1.66% to HKD 53.3.
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