Budweiser Brewing Co APAC Ltd

01876: XHKG (HKG)
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Bud APAC Earnings: Headwinds Could Linger Amid Macroeconomic Uncertainty; Reducing Valuation by 6%

Budweiser APAC's first-quarter revenue fell 7.5% year on year, primarily dragged by volume decline of 9.2% in China. Robust sales growth in South Korea was insufficient to offset weakness in China.

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