Core Viewpoint - The research service "Asia Value & Moat Stocks" targets value investors looking for Asia-listed stocks that exhibit a significant disparity between market price and intrinsic value, focusing on deep value balance sheet bargains and wide moat stocks [1] Group 1: Investment Focus - The service emphasizes deep value balance sheet bargains, which include net cash stocks, net-nets, low price-to-book (P/B) stocks, and sum-of-the-parts discounts [1] - It also highlights wide moat stocks, which are characterized by strong earnings power at a discount, including high-quality businesses and hidden champions [1] Group 2: Market Emphasis - The primary focus of the investment ideas is on the Hong Kong market, providing a range of watch lists with monthly updates for investors [1]

Shares of Anheuser-Busch InBev SA/NV (BUD) , alias AB InBev, have been doing well for a while, thanks to its robust strategic measures. Over the past three months, BUD shares have gained 25%, comfortably outperforming the broader Consumer Staples sector and the Zacks Beverages - Alcohol industry’s growth of 15.3% and 5.5%, respectively. The stock also surpassed the S&P 500 index’s drop of 10.2% in the same period.BUD’s Growth Efforts Bode WellThe company’s relentless execution, investment in brands and acce ...

Anheuser-Busch InBev SA/NV (BUD) , alias AB InBev, has been doing well for a while, thanks to its robust strategic measures. The company’s pricing actions, continued premiumization and other revenue-management initiatives have been yielding.Over the past three months, BUD shares have gained 26.2%, comfortably outperforming the broader Consumer Staples sector and the Zacks Beverages - Alcohol industry’s growth of 3.3% and 0.5%, respectively. The stock also surpassed the S&P 500 index’s drop of 4.4% in the sa ...

Table of Contents SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended 31 December 2024 FORM 20-F (Mark ...

Core Insights - Anheuser-Busch announced a new investment of $4.2 million in its Williamsburg brewery, building on a total of $2 billion invested over the past five years to support job creation and economic growth in local communities [1][4]. Investment Details - The latest investment aims to enhance brewing excellence and sustain good-paying manufacturing jobs in the American beer industry [2]. - Anheuser-Busch has made continuous investments in its Virginia facility, including a $6.5 million investment in 2024 [2]. Economic Impact - The Williamsburg brewery has been operational since 1972 and has received over $1.1 billion in capital investments in Virginia to date [3]. - Anheuser-Busch employs over 750 individuals across five facilities in Virginia, reinforcing its role as a key economic driver in the state [3]. - The company has invested nearly $2 billion in over 100 facilities across the U.S. in the last five years, contributing to the creation and sustainability of American manufacturing jobs [4]. Commitment to Local Communities - Anheuser-Busch emphasizes its commitment to quality products and local community contributions through its investments [4]. - The company sources 99% of the beers sold in the U.S. from domestic production, with 99% of ingredients coming from American farmers [4].

Core Insights - The article emphasizes the importance of conducting personal in-depth research and due diligence before making investment decisions, highlighting the inherent risks involved in trading [3]. Group 1 - The analysis is intended solely for informational purposes and should not be interpreted as professional investment advice [3]. - There is a clear disclaimer regarding the lack of any stock, option, or derivative positions in the companies mentioned, indicating a neutral stance [2]. - The article expresses the author's personal opinions and does not reflect any business relationships with the companies discussed [2].

Core Insights - Anheuser-Busch InBev's stock experienced a significant increase following its quarterly earnings report, indicating a positive momentum for long-term shareholders [1] - The company reported a record annual revenue of $59.8 billion, surpassing the previous year's record of $59.4 billion, with a 2.5% year-over-year increase in fourth-quarter revenue [1][3] - Despite a slight decline in overall volume, revenue growth was attributed to increased sales of premium brands such as Corona, Michelob ULTRA, and Stella Artois [2][3] Revenue and Earnings Performance - Anheuser-Busch achieved a 4% increase in earnings per share (EPS) for the full year 2024, indicating strong pricing power despite lower overall volume [3] - The flagship Budweiser brand saw a remarkable 50% year-over-year volume increase in Brazil, showcasing regional strength [3] Market Trends and Consumer Behavior - The alcohol industry faces challenges from societal trends, including the impact of GLP-1 weight-loss drugs and a shift among Gen-Z consumers towards alcohol alternatives [5][6] - Despite these challenges, beer remains the preferred alcoholic beverage, holding 47.2% of the market share, with Anheuser-Busch expanding into no-alcohol and beyond beer categories [6] Valuation and Stock Performance - Anheuser-Busch's current forward price-to-earnings (P/E) ratio is around 17x, with a price-to-sales ratio of 1.7, reflecting valuations similar to those in 2020 [7] - The stock recently broke above its 200-day simple moving average, a bullish indicator, with a consensus price target of $64, approximately 5% below its 52-week high [8] Dividend and Shareholder Returns - In 2024, Anheuser-Busch raised its dividend by 42%, increasing from 62 cents to 81 cents per share, and management recommended a dividend of $1.00 per share, a 14% year-over-year increase [9][10] - The company's annual dividend payments constitute less than 33% of its annual free cash flow, indicating a strong cash position while also engaging in a $2 billion share buyback program [10]

Group 1 - The article emphasizes the importance of rational value investing, akin to the strategies employed by Warren Buffett [1] - It highlights the author's long-term experience in investment portfolio management and consulting, indicating a focus on thorough analysis [1] - The content is presented as opinion pieces, with a clear disclaimer that it does not constitute investment advice [3] Group 2 - The author has a beneficial long position in the shares of BUD, suggesting a personal investment interest in the company [2] - There is no compensation received for the article, indicating an independent perspective on the analysis provided [2] - The article does not reflect the views of Seeking Alpha as a whole, underscoring the individual nature of the opinions expressed [4]

Exhibit 99.1 Continued global momentum delivered all-time high revenue and 15% Underlying EPS growth in FY24 "Beer is a passion point for consumers and a vibrant category globally. The strength of our 2024 results is a testament to the consistent execution of our strategy and the hard work and dedication of our people. We delivered EBITDA growth at the top-end of our outlook and a step change in our free cash flow generation. We are investing for the long-term and are confident in our ability to lead and gr ...

FY & 4Q24 Results February 26, 2025 4 of top 10 Super Bowl ads Legal disclaimer Certain statements contained in this report that are not statements of historical fact constitute forward-looking statements, notwithstanding that such statements are not specifically identified. In addition, certain statements may be contained in the future filings of the Company with the competent securities regulators or other authorities, in press releases, and in oral and written statements made by or with the approval of t ...