Stocks
Goldman Sachs Sticks by Budweiser Brewing Co. APAC Ltd. Buy Rating
Goldman Sachs has reaffirmed its positive stance on Budweiser Brewing Co. APAC Ltd.
The investment bank's analyst maintained a Buy rating on the company, with a price target of HK$6.90 set for September 29.
This recommendation comes as part of an overall consensus among analysts, who currently hold a Strong Buy rating on Budweiser Brewing Co. APAC Ltd., with an average price target of HK$8.12.
In comparison to last year's earnings, the company reported a quarterly revenue of HK$24.87 billion and a net profit of HK$3.71 billion for the quarter ending June 30.