Movement Alert|BUD APAC Rises 4.18% in Regular Trading, H1 Attributable Profit Up 15.6% Beating Expectations

Market Focus07-30

On July 30, BUD APAC rose 4.18% in regular trading, trading at HKD 7.22 per share, with turnover of HKD 414 million.

The company released its interim results the same day, reporting first-half attributable profit of USD 473 million, up 15.6% year-over-year, with normalized attributable profit reaching USD 481 million. Half-year revenue came in at USD 3.171 billion, down 1.4% YoY, while gross margin improved 0.1 percentage points to 51.9%. Second-quarter net profit surged to USD 247 million from USD 175 million a year earlier, significantly exceeding market expectations.

Despite total volume declining 2.2% amid a slower recovery in the China market, gains in Korean market share and strong performance in India partially offset the headwinds. Notably, prior to the results release, multiple investment banks including J.P. Morgan and Goldman Sachs had lowered their earnings forecasts and target prices in late June, citing weak Q2 expectations. The actual results materially outperformed these cautious consensus estimates, driving the share price rebound.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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