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| HSCEI1 | 9,070.32 | +37.61 | 27.45B |
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2026-02-16 10:29:14 BUD APAC (01876.HK) delivered lackluster results for 4Q025, with quarterly revenue dropping by 4% YoY to USD1.07 billion, Nomura wrote in its research report. The average product price and sales volume also declined by 3.5% and 0.7% YoY, respectively, during the period. As the industry environment remains challenging, Nomura predicts BUD APAC to maintain stable YoY sales volume this year, but its annual profit margin might be under pressure due to raw material cost pressures and ongoing promotional marketing activities. Nomura is anticipating a YoY decline in BUD APAC's gross margin and EBIT margin by 0.9 and 1.4 ppts to 49.2% and 15.7% in 2026. It has also lowered the 2026-27 revenue forecasts by 6-8% and normalized EBITDA forecasts by 3-5%. BUD APAC's target price has been trimmed from HKD9.4 to HKD9.2, with a Buy rating remaining in place. ~ AAStocks Financial News Web Site: www.aastocks.com | |