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<Research>HSBC Research Lowers Earnings Forecasts for BUD APAC (01876.HK), Keeps Rating at Hold
Recommend 3 Positive 7 Negative 6 |
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BUD APAC (01876.HK) experienced weak sales performance in the Chinese and South Korean markets in 2Q25, HSBC Global Research issued a research report saying. Therefore, the broker decided to lower its earnings forecasts, with rating kept at Hold and a target price of $8.5. Due to a slowdown in demand recovery, BUD APAC increased commercial investments during summer events to boost sales growth, resulting in a rise in the commercial expense ratio in China and South Korea, according to the report. AASTOCKS Financial News Website: www.aastocks.com |
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