Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Hong Kong
  4. Hong Kong Stock Exchange
  5. Budweiser Brewing Company APAC Limited
  6. News
  7. Summary
    1876   KYG1674K1013

BUDWEISER BREWING COMPANY APAC LIMITED

(1876)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Budweiser APAC to boost premium and non-beer offerings

05/06/2021 | 04:02am EDT
Portfolio beer brands of Budweiser Brewing Company APAC Ltd are displayed during a news conference on the company's IPO in Hong Kong

BEIJING (Reuters) - Budweiser Brewing Co APAC will step up promotion of premium beer brands including Hoegaarden and Corona and expand non-beer offerings, betting a rising middle class will boost demand for higher-end products, its chief executive said on Thursday.

The Hong Kong-listed Asia arm of Anheuser-Busch InBev reported a 63.7% rise in first-quarter revenue, with total volume up 64.6%, driven by strong consumption over the Lunar New Year holiday and a low base for comparison due to the COVID-19 outbreak early last year.

Budweiser APAC shares surged more than 8% on Thursday after posting its results.

Revenue doubled in China from the same period last year and grew by double digits compared to the first quarter of 2019. Revenue generated from premium brands increased by high double digits year on year, it said.

"Premium and super premium beers continue to be our growth engine," Jan Craps, co-chair and chief executive of Budweiser APAC, said in an interview.

China's growing middle class and the proliferation and needs of different drinking occasions was driving the company to broaden its product portfolio, he said.

"We know that as a country and as more people get into the middle class and higher class in terms of disposable income, the drinking occasions, differences and the needs are getting more complex, so we need to offer a broader portfolio to fulfil what the consumer is looking for," he said.

Last year, the company launched Mike's Hard Lemonade, a vodka-based sparkling beverage, in China, and tested Budweiser ME3, a fruity version of its flagship beer.

In China, eateries and bars have been re-opened since the second quarter of 2020, with post-pandemic consumer traffic recovering strongly.

(Reporting by Sophie Yu and Tony Munroe; Editing by Tom Hogue)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ANHEUSER-BUSCH INBEV 0.33% 52.42 Real-time Quote.-8.35%
BUDWEISER BREWING COMPANY APAC LIMITED -1.64% 21 End-of-day quote.-17.97%
LEMONADE, INC. -11.39% 79.64 Delayed Quote.-26.63%
All news about BUDWEISER BREWING COMPANY APAC LIMITED
07/30MARKET CHATTER : Budweiser Brewing to Test Spirits, Low-Alcohol Drinks in China;..
MT
07/29Hong Kong Hang Seng Rises 3.3% on Beijing Assurances; Tech and Education Issu..
MT
07/28BUDWEISER BREWING APAC : H1 Profit Soars 172% on Robust China Sales; Shares Slid..
MT
07/28Budweiser Brewing Company APAC Limited Announces Unaudited Consolidated Earni..
CI
07/23BUDWEISER BREWING APAC : APAC Co-Chairman Steps Down as CEO of Parent Firm Takes..
MT
07/22Budweiser Brewing Company APAC Limited Announces Board Changes
CI
07/12Budweiser Brewing Co. APAC Secures $500 Million Green Loan
DJ
07/12Budweiser Brewing Company APAC Limited Closes First Green Financing Loan of U..
CI
06/28HANG SENG : Hong Kong Hang Seng Ends Marginally Lower; Tech Stocks Post Gains
MT
05/07Hong Kong Hang Seng Declines 0.1%, Tech Issues Slump
MT
More news
Financials (USD)
Sales 2021 6 684 M - -
Net income 2021 943 M - -
Net cash 2021 1 740 M - -
P/E ratio 2021 294x
Yield 2021 0,13%
Capitalization 278 B 35 699 M -
EV / Sales 2021 41,3x
EV / Sales 2022 37,6x
Nbr of Employees 25 000
Free-Float 12,8%
Chart BUDWEISER BREWING COMPANY APAC LIMITED
Duration : Period :
Budweiser Brewing Company APAC Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BUDWEISER BREWING COMPANY APAC LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 22
Last Close Price 21,00 $
Average target price 3,66 $
Spread / Average Target -82,6%
EPS Revisions
Managers and Directors
Jan Craps Co-Chairman & Chief Executive Officer
Ignacio Lares Chief Financial Officer
Michel Dimitrios Doukeris Co-Chairman
Martin Cubbon Independent Non-Executive Director
Mun Tak Yang Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
BUDWEISER BREWING COMPANY APAC LIMITED-17.97%36 299
ANHEUSER-BUSCH INBEV-8.35%122 430
HEINEKEN N.V.5.57%65 622
AMBEV S.A.6.20%49 918
CONSTELLATION BRANDS, INC.0.16%42 177
HEINEKEN HOLDING N.V.7.53%28 244