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21630 JPBUDWS@EC2412A (CALL)
RT Nominal unchange0.010 0.000 (0.000%)

20/02/2024 15:50

{I-bank focus}Daiwa lowers Bud APAC (01876) to HKD17

[ET Net News Agency, 20 February 2024] Daiwa lowered the target price for Bud APAC
(01876) to HKD17 from HKD20 and maintained the "buy" rating.
The research house said it cuts 2023-25E core EPS by 3-7% to factor in the soft consumer
sentiment in China and intense competition in South Korea. (RC)

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