Goldman Sachs: Lowers target price for AB InBev Asia Pacific (01876.HK) to 9.2 Hong Kong dollars, with a "buy" rating.

According to the Zhtng Cijng APP, Goldman Sachs released a research report stating that the performance of Budweiser APAC (01876.HK) in the first quarter of this year met expectations. During the performance conference, the new CEO indicated that the company's strategy will remain unchanged. In the face of economic uncertainties, the company will continue to focus on controllable areas to drive profit growth. Taking into account the performance of Budweiser APAC and unfavorable factors in the second quarter, the bank has lowered its net profit forecast for the company from this year to 2027 by 2% to 4%. It is currently estimated that the company's sales, normalized EBITDA, and normalized net profit growth for this year will be 0.6%, 1.4%, and 3.3% respectively. The target price has been lowered from 9.5 Hong Kong dollars to 9.2 Hong Kong dollars, with a "buy" rating.