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Investor Optimism Abounds Budweiser Brewing Company APAC Limited (HKG:1876) But Growth Is Lacking
With a price-to-earnings (or "P/E") ratio of 20.8x Budweiser Brewing Company APAC Limited (HKG:1876) may be sending very bearish signals at the moment, given that almost half of all companies in Hong
Simply Wall StApr 23 18:31 ET
Budweiser Asia Pacific (01876.HK): Quarterly results are expected to be released on May 8
On April 23, GLONGHUI APAC (01876.HK) issued an announcement. The company's board committee will meet on May 7, 2024 (Tuesday) (after the trading session) to consider and approve the unaudited results announcement for the three months ended March 31, 2024. The Company expects to release the unaudited results announcement for the three months ended March 31, 2024 at or around 7 a.m. (Hong Kong time) on or around May 8, 2024 (Wednesday).
Gelonghui FinanceApr 23 04:31 ET
百威亞太:批准截至2024年3月31日止三個月未經審核業績的董事會委員會會議日期
Futu NewsApr 23 04:30 ET · Announcements
Hong Kong Stock Concept Tracking | Valuation has reached the bottom of history, and institutions are optimistic about the beer industry improving (with concept stocks)
Benefiting from post-pandemic demand recovery, China's beer industry produced 35.555 million kiloliters (yoy +0.3%) in 2023, but there is still a gap compared to 2019. Judging from the price point of view, the upgrading trend in China's beer industry is slowing down or not downgrading, and the gross sales gap of enterprises continues to rise. In 2023, the number of domestic catering companies cancelled nearly 1.3 million, more than double that of 2022. The ready-to-drink scene is recovering slowly as the main position for upgrading the beer structure, compounding the pressure on overall consumption power. The high-end trend has slowed down, but the mid-tier products of wine companies have maintained good growth. The tonnage prices of major domestic wine companies all achieved low to medium single-digit growth in 2023
Zhitong FinanceApr 22 01:34 ET
Changes in Hong Kong stocks | China Resources Breweries (00291) rose nearly 7%, leading the beer stock industry is about to break out of a high sales base, institutions say the peak season is worth looking forward to
Beer stocks picked up in early trading. As of press release, China Resources Brewery (00291) rose 6.81% to HK$34.5; Tsingtao Brewery shares (00168) rose 5.73% to HK$54.4; and Budweiser Asia Pacific (01876) rose 2.99% to HK$10.34.
Zhitong FinanceApr 21 22:41 ET
Changes in Hong Kong stocks | The collective recovery of beer stocks during the peak season catalyzes falling costs or releasing dividends, and there is still plenty of room for high-end beer
Beer stocks picked up collectively. As of press release, Tsingtao Brewery shares (00168) rose 3.6% to HK$53.3; China Resources (00291) rose 2.49% to HK$32.9; and Budweiser Asia Pacific (01876) rose 1.42% to HK$10.02.
Zhitong FinanceApr 18 02:44 ET
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