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M Stanley Lowers 2026/ 2027 Earnings Forecasts for BUD APAC (01876.HK); Rating Overweight; TP Kept at $9
2026-02-16 10:29:06
Morgan Stanley published a research report factoring in BUD APAC (01876.HK)'s 2025 results and 2026 guidance into its forecasts. The broker lowered its 2026/ 2027 earnings forecasts by 12% and 14%, respectively.

Due to an increased proportion of household drinking channels in China, Morgan Stanley reduced its 2026-2027 average selling price forecasts by 2-3%.

The broker introduced a 2028 EPS forecast of US$0.06 for BUD APAC, and kept rating at Overweight. Morgan Stanley also extended its valuation basis to 2026, with its target price kept at $9.
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