CLSA: Cuts Budweiser APAC (01876.HK) target price by 29.9% to HK$6.1; lowers earnings forecasts amid weak beer demand

Zhito Finance APP has learned that CLSA issued a research report stating that demand in the Chinese and South Korean beer markets is weak, with low visibility for recovery, and coupled with cost factors such as rising aluminum prices, the bank has become more cautious about Budweiser APAC's (01876.HK) 2027 revenue and margin outlook; the bank maintains an "Outperform" rating and has lowered its target price by 29.9% from HK$8.7 to HK$6.1.