Stunted Sales Growth in China Likely to Weigh on Budweiser APAC -- Market Talk

Dow Jones08-06

0635 GMT - Budweiser APAC's China market will likely see weaker momentum in its premiumization efforts as still-tepid consumer demand will weigh on the company's sales volume growth in 3Q, UOB Kay Hian analysts say in a note. This follows a period of decline after beer sales fell 10% on year in 2Q and average selling price dropped 5% on year in China, they say. While there is potential for the premiumization trend to pick up in the near term, like the company's partnership with Swire Coca-Cola, which has boosted its market share, UOB KH says, seasonal bad weather conditions may also stunt growth. UOB KH cuts its 2024 and 2025 earnings forecast for Budweiser by 10% and 13%, respectively, due to expectations of stunted sales growth in China. Budweiser APAC shares were recently at HK$9.66. (rthvika.suvarna@wsj.com; @RthvikaS)

(END) Dow Jones Newswires

August 06, 2024 02:35 ET (06:35 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2457625740?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-08-06 14:35","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2457625740","market":"us","top_or_hot":-1,"title":"Stunted Sales Growth in China Likely to Weigh on Budweiser APAC -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0635 GMT - Budweiser APAC's China market will likely see weaker momentum in its premiumization efforts as still-tepid consumer demand will weigh on the company's sales volume growth in 3Q, UOB Kay Hian analysts say in a note. This follows a period of decline after beer sales fell 10% on year in 2Q and average selling price dropped 5% on year in China, they say. While there is potential for the premiumization trend to pick up in the near term, like the company's partnership with Swire Coca-Cola, which has boosted its market share, UOB KH says, seasonal bad weather conditions may also stunt growth. UOB KH cuts its 2024 and 2025 earnings forecast for Budweiser by 10% and 13%, respectively, due to expectations of stunted sales growth in China. Budweiser APAC shares were recently at HK$9.66. (rthvika.suvarna@wsj.com; @RthvikaS) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  August 06, 2024 02:35 ET (06:35 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stunted Sales Growth in China Likely to Weigh on Budweiser APAC -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStunted Sales Growth in China Likely to Weigh on Budweiser APAC -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-06 14:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0635 GMT - Budweiser APAC's China market will likely see weaker momentum in its premiumization efforts as still-tepid consumer demand will weigh on the company's sales volume growth in 3Q, UOB Kay ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01876","symbol_name":"百威亚太","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2457625740","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2457625740","pubTimestamp":1722926100,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0635 GMT - Budweiser APAC's China market will likely see weaker momentum in its premiumization efforts as still-tepid consumer demand will weigh on the company's sales volume growth in 3Q, UOB Kay Hian analysts say in a note. This follows a period of decline after beer sales fell 10% on year in 2Q and average selling price dropped 5% on year in China, they say. While there is potential for the premiumization trend to pick up in the near term, like the company's partnership with Swire Coca-Cola, which has boosted its market share, UOB KH says, seasonal bad weather conditions may also stunt growth. UOB KH cuts its 2024 and 2025 earnings forecast for Budweiser by 10% and 13%, respectively, due to expectations of stunted sales growth in China. Budweiser APAC shares were recently at HK$9.66. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"01876":"百威亚太"},"translate_title":"中国销售增长受阻可能会给百威亚太地区带来压力——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01876":0.9},"content_text":"0635 GMT - Budweiser APAC's China market will likely see weaker momentum in its premiumization efforts as still-tepid consumer demand will weigh on the company's sales volume growth in 3Q, UOB Kay Hian analysts say in a note. This follows a period of decline after beer sales fell 10% on year in 2Q and average selling price dropped 5% on year in China, they say. While there is potential for the premiumization trend to pick up in the near term, like the company's partnership with Swire Coca-Cola, which has boosted its market share, UOB KH says, seasonal bad weather conditions may also stunt growth. UOB KH cuts its 2024 and 2025 earnings forecast for Budweiser by 10% and 13%, respectively, due to expectations of stunted sales growth in China. Budweiser APAC shares were recently at HK$9.66. (rthvika.suvarna@wsj.com; @RthvikaS) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  August 06, 2024 02:35 ET (06:35 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2457625740"}