UBS released a research report sayingcryptobrowsergame, reduce Budweiser Asia Pacific (01876) target price from 15cryptobrowsergameHK$.29 dropped to HK$14.92, and the corporate value ratio is forecast to be 10 times this year, based on a forecast of a compound annual growth rate of EBITDA of 7% from this year to 2026. The bank believes that sufficient cash and a favorable global market increase the possibility of the company considering mergers and acquisitions. The bank's analysis pointed out that the ASEAN region provides suitable M & A targets based on considerable beer consumption, integrated industries and attractive profitability.
The bank believes that Budweiser Asia Pacific's share price has fallen by 20% since it announced last year's results. It is basically affected by being excluded from the MSCI index. The slowdown in China's economy and competition in the South Korean market have caused Budweiser Asia Pacific's share price to drop to 7 times the forecast corporate value ratio. Compared with peers and historical averages, there are 41% and 54%. It is believed that the current share price does not reflect the increase in the average price and selling price in the Chinese market, nor does it ignore the company's potential M & A opportunities.
