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Nomura keeps Buy rating on Budweiser APAC, sets HK$7.80 target

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  • Nomura maintained a Buy rating and HK$7.80 target for Budweiser Brewing Co. APAC Ltd.
  • HK$8.12 is the average consensus target, implying 39.88% upside from HK$5.81.
  • Budweiser APAC reported June-quarter revenue of HK$24.87 billion and net profit of HK$3.71 billion.
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