HK Stock Market Move | BUD APAC (01876) fell by over 4%, with a 14.79% decrease in net profit attributable to equity holders compared to last year. Institutions have downgraded its sales gross profit margin.

BUD APAC (01876) fell more than 4%, as of the time of writing, it fell by 4.04% to 8.55 Hong Kong dollars, with a turnover of 72.319 million Hong Kong dollars. On the news front, BUD APAC recently announced its performance, with revenue of 6.246 billion US dollars in the 2024 fiscal year, a decrease of 7% year-on-year, or a decrease of 8.9% according to the reported benchmark; shareholders' net profit was 726 million US dollars, or a year-on-year decrease of 14.8% according to the reported benchmark. The sales volume in 2024 was 8.48 billion liters of beer, a decrease of 8.8% year-on-year, or a decrease of 8.6% according to the reported benchmark. The board of directors has recommended a dividend of 750 million US dollars or 5.66 US cents per share, a 7% increase from the previous year. Goldman Sachs released a research report stating that it has slightly adjusted the group's sales forecast for 2025 to 2026 within 1%, and lowered the gross profit margin forecast for the period, while slightly adjusting its net profit forecast within 1%. The bank stated that BUD APAC focuses on household consumption penetration and high-endization to expand market share, and shareholder returns are also key. The bank pointed out that BUD APAC's stock price has reacted positively since the announcement of its 2024 financial performance. The group stated that this year it will prioritize increasing market share and revenue in China, and will further improve profitability in Korea through price increases and efficiency improvements. The company also noted that retail sales remained stable and inventory levels were good during the lunar New Year period after controlling shipments, and believed that brand strategy and market tactics are key this year.