In a report released on July 30, Morgan Stanley also maintained a Buy rating on the stock with a HK$9.00 price target.

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