BUD APAC(HK:01876) 智通财经网·2025-11-03 06:19Core Viewpoint - Budweiser APAC's Q3 performance largely met expectations, with the Chinese market under pressure as anticipated. The short-term recovery in the Chinese market will take time, but the current stock price reflects this pessimistic outlook. Long-term confidence remains in the group's premiumization strategy in the Asia-Pacific region. The target price is maintained at HKD 9.5 with a "Buy" rating [1]. Summary by Category - Q3 Performance: Budweiser APAC's Q3 results were in line with expectations, indicating stability despite market challenges [1]. - Chinese Market Outlook: The Chinese market continues to face pressure, and a recovery is expected to take time [1]. - Stock Price Reflection: The current stock price is believed to have already factored in the negative outlook for the Chinese market [1]. - Long-term Strategy: Confidence in the group's ongoing premiumization strategy in the Asia-Pacific region remains strong [1]. - Target Price and Rating: The target price is set at HKD 9.5, and the company maintains a "Buy" rating [1].