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

08/04/2024 16:06

{I-bank focus}J.P. Morgan lowers Bud APAC (01876) to HKD11

[ET Net News Agency, 8 April 2024] J.P. Morgan lowered the target price for Bud APAC
(01876) to HKD11 from HKD11.5 and maintained the "neutral" rating.
The research house said it believes Bud APAC will continue to enjoy the benefits of
operating as a platform, including (1) access to a high brandequity portfolio of >50
strong brands; (2) deploying resources and channeling cash flow from mature to growth
markets; (3) learning from maturity lifecycle evolution; (4) transporting product
innovation across countries; and (5) leveraging global best practices. (RC)

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