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26594 CTBUDWS@EC2602A (CALL)
RT Nominal unchange0.013 0.000 (0.000%)

27/06/2025 14:42

{I-bank focus}Morgan lowers Bud APAC (01876) to HKD9.5

[ET Net News Agency, 27 June 2025] Morgan Stanley lowered the target price for Bud APAC
(01876) to HKD9.5 from HKD10 and maintained the "overweight" rating.
The research house said it lowers 2025 earnings estimate by 9% to factor in continued
weak on-trade demand in China in 2Q25. (rc)

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