DBS Sticks to Their Buy Rating for Budweiser Brewing Co. APAC Ltd. (1876)

According to TipRanks, Xu is an analyst with an average return of -1.1% and a 37.11% success rate. Xu covers the Consumer Defensive sector, focusing on stocks such as Budweiser Brewing Co. APAC Ltd., Walmart, and WH Group .

In addition to DBS, Budweiser Brewing Co. APAC Ltd. also received a Buy from Morgan Stanley’s Lillian Lou in a report issued on June 25. However, on June 26, J.P. Morgan maintained a Hold rating on Budweiser Brewing Co. APAC Ltd. (HKEX: 1876).

Based on Budweiser Brewing Co. APAC Ltd.’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of HK$20.5 billion and a net profit of HK$623.94 million. In comparison, last year the company earned a revenue of HK$22.11 billion and had a net profit of HK$1.44 billion