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<Research>Jefferies Adds BUD APAC (01876.HK) TP to $13.1, Forecasts 3Q Adj. EBITDA to Be ~US$568M
Recommend 5 Positive 10 Negative 2 |
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Jefferies released a research report expecting BUD APAC (01876.HK)'s 3Q24 adjusted EBITDA to be US$568 million, representing an organic decline of 3.4% and a reported decline of 2.7% on an organic sales decline of 3.3%. Therefore, Jefferies added its target price to $13.1 from $13, with rating at Buy. The Chinese market continued to face headwinds from a high sales volume base and a higher mix from coastal area and high tier cities, in addition to weak trends in July and August, although average selling price pressures are relatively better than 2Q24, according to the report. AAStocks Financial News |
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