Jefferies: BUD APAC's Q1 EBITDA Exceeds Expectations, 'Buy' Rating Maintained

Stock News05-06

An analysis report from Jefferies indicated that BUD APAC's first-quarter normalized EBITDA reached $463 million, surpassing the firm's forecast by 2%. This outperformance was primarily driven by strong results in the Eastern Asia-Pacific region. Sales also exceeded expectations by 3%, supported by growth in both the Eastern and Western Asia-Pacific markets, with the Indian market showing particularly robust volume performance.

Regarding the China market, revenue for the quarter declined by 4%, mainly due to increased investments by the company to support wholesalers and to promote brand activities in household and emerging channels. Volume in China decreased by 1.5%, while normalized EBITDA saw a year-on-year decline of 10.9%. Management noted a slight improvement in the China market, with the rate of volume decline narrowing compared to the previous quarter. The firm has set a target price of HK$9.4 and maintains a 'Buy' rating on the stock.

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The firm has set a target price of HK$9.4 and maintains a 'Buy' rating on the stock.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0762541174.USD","symbol_name":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AM2\" (USD) INC","start_time":0,"source_url":"","article_id":"1172081816","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1172081816","pubTimestamp":1778039297,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"An analysis report from Jefferies indicated that BUD APAC's first-quarter normalized EBITDA reached $463 million, surpassing the firm's forecast by 2%. 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