Weak China Demand Likely to Weigh on Budweiser Brewing's Earnings
Dow Jones
Yesterday
0151 GMT - Budweiser Brewing's earnings growth is likely to remain under pressure due to a weaker-than-expected recovery in China's beer industry demand, Deutsche Bank analyst Han Zhang says in a note. The bank cuts the company's 2026-28 Ebitda estimates by around 4% and expects 3Q revenue to decline by the low teens, with Ebitda falling by the high teens year-over-year. Deutsche Bank cuts the stock's target price to 8.30 Hong Kong dollars from HK$9.20 and maintains its buy rating. Shares closed at HK$5.915 on Wednesday.
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