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56453 HS#HSI RP28026 (R BEAR)
RT Nominal up0.064 +0.005 (+8.475%)

20/01/2026 16:02

{I-bank focus}Citi lowers Bud APAC (01876) to HKD11.4

[ET Net News Agency, 20 January 2026] Citi lowered the target price for Bud APAC (01876)
to HKD11.4 from HKD12.4 and maintained the "buy" rating.
The research house said it cuts sales forecast by 3%/4%/4% in 25E/26E/27E to reflect the
worse-than-expect China business outlook in 2H25. (rc)

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