The Zhitong Finance App learned that Budweiser Asia Pacific (01876) fell nearly 3%. As of press release, it was down 2.05% to HK$5.96, with a turnover of HK$62.4334 million.

According to the news, Budweiser Asia Pacific recently announced that for the quarter ended September 30, 2026, the Group carried out internal restructuring involving several mainland Chinese subsidiaries to improve capital efficiency, and is expected to record about 52 million US dollars in non-basic withholding tax expenses. Citigroup predicts that Budweiser Asia Pacific's third-quarter sales fell 7% year on year, and the Group's endogenous EBITDA fell 12% year on year.

Furthermore, Citi lowered Budweiser Asia Pacific's core net profit forecast for 2026 to 2028 by 10%, 13%, and 11%, respectively, due to a 2% reduction in sales forecasts for each year, while remaining cautious about the outlook for the second half of the year. The bank reduced the target EV/EBITDA ratio for the Asia Pacific West region business (focusing on China) from 10 times to 8 times the forecast for 2026, the same as in the Asia-Pacific East region, to reflect the continued weakness of the industry.

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