＜Research＞JPM Trims BUD APAC (01876.HK) TP to $9.8, Rating Neutral

AASTOCKS

2024-07-02 11:36

JP Morgan's research report predicted that BUD APAC (01876.HK) will track a larger-than-expected decline in mainland business in 2Q24, while its S...

　　JP Morgan's research report predicted that BUD APAC (01876.HK) +0.230 (+2.500%) Short selling $35.02M; Ratio 43.134% will track a larger-than-expected decline in mainland business in 2Q24, while its South Korean business will be galvanized by low base and rising prices.

　　The broker pointed out that BUD China also encountered the same problem as its peers in terms of subsiding consumer demand, as its greater exposure to the mid/ high-end segment and the benefits of inventory restocking by new live-house channel are gradually fading out.

　　JP Morgan cut its target price for BUD APAC from $11 to $9.8, maintaining a Neutral rating.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-02 12:25.)

　　AAStocks Financial News

Disclaimer:The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

Latest News

China's assets explosion and the high record global capital influx hit