＜Research＞CLSA Cuts BUD APAC (01876.HK) TP to $11.4, Rating Outperform

　　BUD APAC (01876.HK) -0.190 (-2.000%) Short selling $24.13M; Ratio 25.109% will announce its 2Q24 results early next month. According to a research report issued by CLSA, it was expected that in light of weather factors in China, weak consumer sentiment, slowing growth in high-end products and the pressure of a high base, BUD APAC's business in the western part of the Asia-Pacific region will be impacted.

　　CLSA trimmed its forecasts for BUD APAC's revenue and normalized EBITDA for 2Q24 by 6% and 9%, respectively, and adjusted its full-year forecasts accordingly. The target price was lowered from $12.4 to $11.4, and the rating was Outperform. Considering that the weather may improve and the base is relatively low, CLSA predicted that BUD APAC's 3Q24 results will be better.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-05 16:25.)

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