Budweiser Brewing Co. APAC's 2H Sales Expected to Improve Sequentially -- Market Talk

Dow Jones05-06

0324 GMT - Budweiser Brewing Co. APAC is likely to post sequential sales improvement in 2H, say DBS Group Research analysts in a note. The Chinese brewer's China sales are likely to recover more meaningfully, supported by consumption related to the FIFA World Cup and local sporting events, they say. However, rising aluminum costs could be a key headwind in 2027, as the company has hedged against price increases for around 12 months, they add. The analysts cut their 2026-2027 earnings projections by 6% on higher marketing expenses and raw-material costs. DBS raises its target price to HK$9.30 from HK$9.20 after rolling forward its valuation and keeps a buy rating. Shares fall 1.1% to HK$8.04. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

May 05, 2026 23:24 ET (03:24 GMT)

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APAC's 2H Sales Expected to Improve Sequentially -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-05-06 11:24</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0324 GMT - Budweiser Brewing Co. APAC is likely to post sequential sales improvement in 2H, say DBS Group Research analysts in a note. The Chinese brewer's China sales are likely to recover more meaningfully, supported by consumption related to the FIFA World Cup and local sporting events, they say. However, rising aluminum costs could be a key headwind in 2027, as the company has hedged against price increases for around 12 months, they add. 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APAC is likely to post sequential sales improvement in 2H, say DBS Group Research analysts in a note. The Chinese brewer's China sales are likely to recover more meaningfully, supported by consumption related to the FIFA World Cup and local sporting events, they say. However, rising aluminum costs could be a key headwind in 2027, as the company has hedged against price increases for around 12 months, they add. The analysts cut their 2026-2027 earnings projections by 6% on higher marketing expenses and raw-material costs. DBS raises its target price to HK$9.30 from HK$9.20 after rolling forward its valuation and keeps a buy rating. Shares fall 1.1% to HK$8.04. (megan.cheah@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 05, 2026 23:24 ET (03:24 GMT)\n\n\n  Copyright (c) 2026 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":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"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,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.2","shortVersion":"4.42.2","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/2633697737","isCrawlerRequest":true}