Jeffery publishes research reportJungleJackpotJingleQuoting Budweiser Asia Pacific management, it is expected that due to the reopening of the mainland in the first half of last year, the industry will face a high base in the Chinese market in the next quarter; and severe weather will also affectJungleJackpotJinglein South China. At the same time, management remains confident in the profit margin prospects of the Korean market.

Jefferies expects Budweiser to record normalized EBITDA of approximately 5% in the Asia-Pacific second quarterJungleJackpotJingleUS$.84 billion, representing a natural growth of 1%, while sales are expected to fall by 2.5 billion.JungleJackpotJingle.8%。The bank also lowered its group target price from HK$21.2 to HK$18.7, maintaining its "Buy" rating. The bank also lowered the Group's annual profit forecasts from 2024 to 2026 by 11%, 7%, and 6% respectively to reflect the lowered sales forecast and profit expansion estimates. It also expected that as the base effect abates, the Group's business performance will Improve in the second half of the year.