UBBUDWS@EC2609A

Huatai International Raises Target Price for BAI, Maintains Neutral Rating

AB InBev Asia Q4 2025 Earnings Miss; Nomura Cuts Target Price

UBS cuts Anheuser-Busch InBev Asia-Pacific target price to HKD 8.6

Morgan Stanley Cuts Anheuser-Busch Asia-Pacific's 2025 and 2026 Profit Forecast

HSBC Research Downgrades HSBAP Target Price to HKD 8.3 and Maintains Hold Rating

Morgan Stanley and UOB Maintain Buy Rating for Boston Beer Company

Goldman Adjusts Forecast for BGI Asia with Buy Rating

Budweiser APAC Sees Slump in 2025, Plans to Reinvigorate China Market in 2026

Budweiser APAC Annual Net Profit Below Expectations

BUD APAC released FY2025 Q4 earnings on February 11 Pre-Market (BJT), actual revenue HKD 8.348 B (forecast HKD 8.537 B), actual EPS HKD -0.0617 (forecast HKD 0.07)

BUD APAC released FY2025 Annual Earnings on February 11 Pre-Market (BJT), Actual Revenue HKD 44.95 B (Forecast HKD 45.02 B), Actual EPS HKD 0.2861 (Forecast HKD 0.3588)

BUD APAC to release FY2025 earnings report on February 12, 2026 Pre-Market BJT, forecast revenue HKD 45.12 B, EPS HKD 0.3599

Citibank 下调 Budweiser APAC sales and net profit forecast

JPMorgan Expects AB InBev Asia Pacific Q4 Natural Revenue and EBITDA to Decline

Goldman Sachs 下调 Budapest Asia Pacific 的目标股价

ICC Partners with Budweiser for Major Events

Budweiser APAC pledges aid to affected residents in Tai Po

Budweiser APAC pledges HKD 10 million for Tai Po fire relief

Nomura Publishes Report and Gives SABMiller Asia Buy Rating

JPMorgan and Everbright Securities Maintain Buy Rating for ABI

CCOE

STARCOIN GROUP

ONEFORCE HLDGS

ROYAL DELUXE

STELUX HOLDINGS

TE HEALTHCARE

ASIAPAC FIN INV

WELIFE TECH

DRINDA

TIMELESS

09896

06690

512690

00291

01876

159736

515170

Daiwa Capital Markets released a research report listing investment ratings and target prices for consumer stocks. Anta Sports is rated as Buy with a target price of HKD 103.4; Bud APAC is rated Buy with a target price of HKD 9.9; CHINA RES BEER is rated Buy with a target price of HKD 33.8; Galaxy Entertainment Group is rated Buy with a target price of HKD 47; Haidilao is rated Buy with a target price of HKD 19.7; HAIER SMARTHOME is rated Buy with a target price of HKD 39.4; LI NING is rated Hold with a target price of HKD 21.6; Mengniu Dairy is rated Buy with a target price of HKD 21.7; MNSO is rated Buy with a target price of USD 26.8; SANDS CHINA LTD is rated Buy with a target price of HKD 20.9; Shenzhou International is rated Buy with a target price of HKD 81.9; Tsingtao Brewery is rated Buy with a target price of HKD 69.9; XTEP INT'L is rated Buy with a target price of HKD 7.6; YUM CHINA is rated Buy with a target price of HKD 494.8

AASTOCKS

MNSO

HAIER SMARTHOME

Penghua CSI Alcoholic Drink ETF

Mengniu Dairy

LI NING

TSINGTAO BREW

China Merchants SSE Consumer 80 ETF

Hwabao WP CSI Food & Beverage Sub-Industry ETF

Tsingtao Brewery

CHINA RES BEER

BUD APAC

Tianhong CSI Food and Beverage ETF

XTEP INT'L

Harvest Hang Seng Consumption ETF

SANDS CHINA LTD

AdvisorShares Restaurant ETF

YUM CHINA

Galaxy Entertainment Group

ChinaAMC CSI Food & Beverage Sub-Industry ETF

Daiwa Capital Markets' investment ratings and target prices for consumer stocks (Table)

BRBL

Soufflet Malt, the world's largest malt producer, will invest 100 million euros in a new facility in Rajasthan, India, to meet the growing beer demand in emerging markets. The facility will produce 110,000 metric tons of malt annually, with a potential second phase to double output. This expansion contrasts with declining beer consumption in Europe, where Soufflet plans to close factories. India's low per capita beer consumption presents significant growth opportunities, particularly benefiting United Breweries Limited. Soufflet is also exploring expansion in South America and has plans for a malt plant in South Africa.

Yahoo Finance

BrewBilt Brewing Company

United Malt Group Ltd.

Soufflet Malt bets on India's growing beer market with new facility

161725

159843

Super Bowl 2026 showcased the intense competition among brands for cultural relevance, with ad slots costing over $8 million for 30 seconds. Boss Creative's analysis highlights 11 standout ads, emphasizing that successful branding is about authentic connections and emotional resonance rather than mere spectacle. The report contrasts effective ads, like Budweiser's, with less successful ones, such as Bud Light's, illustrating the importance of narrative depth and cultural alignment in branding strategies. Boss Creative aims to guide brands toward authenticity and measurable growth in their marketing efforts.

Acceswire

China Merchants CSI Liquor Index Fund-A

China Merchants Guozheng Food and Beverage ETF

Super Bowl 2026 Ads: Branding Triumphs and Pitfalls - A Strategic Deep Dive from Boss Creative

HEINY

Budweiser and Heineken are experiencing contrasting fortunes in China in 2025 due to changing drinking habits amid an economic downturn. Budweiser reported its largest profit decline since 2020, with CEO Yanjun Chen acknowledging underperformance. In contrast, Heineken's CEO Dolf van den Brink hailed China as a key profit contributor. The shift towards at-home consumption and online orders has impacted traditional venues, with Budweiser focusing on activating brands in emerging channels. Heineken's success is attributed to its partnership with China Resources Beer, which has adapted better to the changing market dynamics.

南华早报

Anheuser-Busch InBev NV

Heineken

Budweiser and Heineken face polar opposite fates in China as punters stay home

Kepler Capital has maintained a Hold rating on Anheuser Busch InBev SA/NV (0RJI) with a price target of €69.00, as reported by Richard Withagen. On the same day, Deutsche Bank also issued a Hold rating, while Berenberg Bank maintained a Buy rating for the company. Withagen has an average return of -1.3% and a 43.07% success rate on his stock recommendations.

Tip Ranks

Anheuser Busch InBev SA/NV (0RJI) Gets a Hold from Kepler Capital

Berenberg Lifts AB InBev Price Target, Forecasts Amid Expected Volume Growth in FY26

marketscreener

Berenberg Lifts AB InBev Price Target, Forecasts Amid Expected Volume Growth in FY26

Nomura Adjusts Budweiser Brewing Company APAC's Price Target to HK$9.20 From HK$9.40, Keeps at Buy

Nomura Adjusts Budweiser Brewing Company APAC's Price Target to HK$9.20 From HK$9.40, Keeps at Buy

Budweiser Brewing Co. APAC Ltd. has announced the granting of over 22 million share-based awards to eligible employees, including locked-up shares and restricted stock units. This initiative aims to align employee incentives with long-term shareholder value and strengthen management retention. The awards come with a three-year lock-up period and a purchase price above market value. The final number of shares will be confirmed by March 2026. Analysts currently rate the stock as a Buy with a price target of HK$9.20.

Budweiser APAC Grants Over 22 Million Share-Based Awards to Staff

Heineken N.V. has announced updates regarding its share buyback program. In addition, recent economic data reveals a drop in the unemployment rate to 4.5%, the lowest in five years, with 1.2 million jobs created last quarter. GDP growth has risen to 3.8%, boosting consumer confidence and leading to a 6% increase in retail sales compared to last year, attributed to government initiatives promoting job growth and investment.

Unusual Whales

Heineken N.V. updates on the buyback of its shares.

TAP.A

Berenberg Bank has maintained a Buy rating on Anheuser Busch InBev SA/NV (0RJI) with a price target of €89.00, according to analyst Javier Gonzalez Lastra. He is ranked #2422 out of 12061 analysts on TipRanks. Additionally, Bank of America Securities also issued a Buy rating, while TD Cowen maintained a Hold rating on the same day.

Molson Coors Beverage

Berenberg Bank Remains a Buy on Anheuser Busch InBev SA/NV (0RJI)

Nomura has lowered its revenue and EBITDA forecasts for BUD APAC for 2025, with the target price reduced from HKD 9.4 to HKD 9.2. The report indicates that revenue for the fourth quarter of 2025 is expected to be USD 1.07 billion, a year-on-year decrease of 4%, with EBITDA dropping to USD 167 million, below market expectations. Despite a 15% decline in earnings per share, the company still recommends a final dividend of HKD 0.0566 per share. The industry environment faces significant challenges, and it is expected that gross margin and EBIT margin will decline in 2026, putting pressure on the annual profit margin

Nomura lowers Bud APAC's revenue and EBITDA forecasts, target price adjusted to 9.2 yuan

HSBC Research has lowered the target price for BUD APAC to HKD 8.3, maintaining a "Hold" rating. The report indicates that the normalized EBITDA for 2025 is 1% below expectations and emphasizes that the company will restart growth in the Chinese market, explore the South Korean market, and maintain momentum in the Indian market. The dividend yield for 2026 is expected to be 4.8%

HSBC Research lowers the target price for BUD APAC to HKD 8.3, maintaining a "Hold" rating

Jefferies has maintained a Buy rating on Budweiser Brewing Co. APAC Ltd. (1876) with a price target of HK$9.70, while the shares closed at HK$7.94. The analyst consensus is a Strong Buy with an average price target of HK$9.04, indicating a potential upside of 13.85%. CLSA also supports this with a Buy rating and a HK$9.00 price target.

Budweiser Brewing Co. APAC Ltd. (1876) Gets a Buy from Jefferies

Dongpeng Beverage

Deep Research

Appraisal value

A good company also needs a good price.

EASTROC BEVERAGE

JD-SW

BABA-W

JD-SWR

JD.com

BABA-WR

Alibaba

KraneShares 2x Long BABA Daily ETF

YieldMax BABA Option Income Strategy ETF

BABA 2x Long Daily ETF - GraniteShares

Blue Hat Interactive Ent Tech

Wag!

WAG GROUP CO

Dongpeng Holdings

JD HK SDR 10to1

Alibaba HK SDR 5to1

Dongpeng Beverage: After the energy drink, where is the 'next billion-dollar secret'?

UBBUDWS@EC2609A(26005.HK)

Daiwa Capital Markets' investment ratings and target prices for consumer stocks (Table)

Soufflet Malt bets on India's growing beer market with new facility

Super Bowl 2026 Ads: Branding Triumphs and Pitfalls - A Strategic Deep Dive from Boss Creative

Budweiser and Heineken face polar opposite fates in China as punters stay home

Anheuser Busch InBev SA/NV (0RJI) Gets a Hold from Kepler Capital