5 stories mentioning HKG:1876Updated 6d ago
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Budweiser Brewing Company APAC (HKG:1876) has an average rating of overweight and mean price target of HK$8.45, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Budweiser Brewing Company APAC (HKG:1876) has an average rating of overweight and mean price target of HK$8.45, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Budweiser Brewing Co. APAC (HKG:1876) posted $247 million in second-quarter attributable net profit, up from $175 million a year earlier.Revenue came in at $1.68 billion, unchanged from a year prior, according to a Thursday filing with the Hong Kong Exchange.For the six months ended June 30, the brewery reported $473 million in attributable profit, up from $409 million in the year-ago period. Earnings per share increased to $0.0357 from $0.0310.Half-year revenue rose to $3.17 billion from $3.14 billion.Shares of Budweiser APAC gained over 9% in recent trade.
Budweiser Brewing Company APAC (HKG:1876) posted a slight decline in profit attributable to equity holders in the first quarter as revenue fell despite a marginal increase in volumes.The brewer reported profit attributable to equity holders of $226 million for the three months ended March 31, compared with $234 million a year earlier, according to a Tuesday Hong Kong bourse filing.Earnings per share declined to $1.68 from $1.76 a year earlier, though it came in well above the Visible Alpha consensus estimate of $0.02.Revenue fell 0.7% to $1.49 billion, topping the Visible Alpha estimate of $1.44 billion, while revenue per hectoliter declined 0.8% due to increased investments in China.Analysts at Jefferies said sales were 3% above estimates, supported by both East and West, led by stronger India volumes.India delivered strong double-digit growth in both volumes and revenue, supported by continued premiumization across its portfolio.In China, volumes declined 1.5%, though the pace of decline narrowed, while revenue fell 4% amid increased investments in channels and brand activation.The increased investments in China were mainly directed toward supporting wholesalers, expanding the in-home route-to-market and online-to-offline (O2O) channels, and stepping up brand and marketing initiatives.This included higher spending on campaigns such as the nationwide rollout of Budweiser Magnum, supported by a partnership with Erling Haaland and the FIFA World Cup platform.In South Korea, volumes declined by low-teens while revenue fell by mid-single-digits against a high base, reflecting shipment phasing ahead of a price increase in April 2025.Separately, the company flagged ongoing legal and tax-related issues at its South Korean unit, Oriental Brewery, which has recorded $86 million in cumulative exceptional charges linked to customs audit claims that it is contesting.The matter escalated in 2025 with indictments tied to alleged embezzlement, commercial bribery, and customs tax issues related to malt imports.Several entities and senior executives were also named as joint defendants, with proceedings ongoing.The subsidiary has also received tax assessments totaling about $71 million from Korean authorities for prior years and has prepaid around $62 million while it challenges portions of the claims."We believe investors will focus on: 1) strategy in China; 2) raw material cost trends and margin outlook; 3) price hike potential in APAC East amid a soft industry; and 4) potential in India," said Jefferies analysts in a note to clients.Shares of Budweiser APAC were up marginally in Tuesday morning trade.
Budweiser Brewing Company APAC (HKG:1876) recorded $226 million in attributable profit for the first quarter of 2026, down from $234 million a year earlier, according to a Hong Kong bourse filing Tuesday.Earnings per share fell to $1.68 from $1.76 in the prior year, well above analysts' forecast of $0.02 in a Visible Alpha survey.Revenue inched down 0.7% to $1.49 billion from $1.46 billion a year ago, beating the Visible Alpha estimate of $1.44 billion.Revenue per hectoliter dropped 0.8% in the first quarter due to additional investment in China.
