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Budweiser Brewing Company APAC Limited's (HKG:1876) Has Been On A Rise But Financial Prospects Look Weak: Is The Stock Overpriced?
BUD APAC (01876.HK) has appointed Cheng Yanjun as the Chief Executive Officer, Co-Chairman, Executive Director, and Authorized Representative.
On April 1, Gelonghui丨BUD APAC (01876.HK) announced that changes in the company's senior management and Director positions are as follows, effective from April 1, 2025: Yang Ke will no longer serve as Chief Executive Officer, Co-Chairman, Executive Director, and Authorized Representative; and Cheng Yanjun has been appointed as Chief Executive Officer, Co-Chairman, Executive Director, and Authorized Representative.
Express News | Budweiser Brewing Co APAC - Jan Craps Has Ceased to Be Chief Executive Officer
The CSI Consumer 360 index continues to show a good market trend! The two leading Beer stocks in Hong Kong have both reached new highs for the year, with BUD APAC rising 30%, outperforming Tencent.
① The two leading Beer stocks in Hong Kong have reached new highs for the year; what new logic is emerging in Consumer stocks? ② BUD APAC has risen 30% this year, outperforming Tencent; what are the highlights?
Hong Kong stocks movement | The gains of beer stocks widen in the afternoon; BUD APAC (01876) rises nearly 7%, and CHINA RES BEER (00291) increases by over 6%.
In the afternoon, beer stocks increased further; as of the time of this report, BUD APAC (01876) rose by 6.99% to HKD 9.79, and CHINA RES BEER (00291) rose by 6.49% to HKD 30.35.
Citi: Maintains Buy rating on CHINA RES BEER (00291) and lowers Target Price to HKD 35.6.
The bank emphasizes that BUD APAC (01876) and CHINA RES BEER are still its favored Chinese beer stocks.
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