Changes in Hong Kong stocks | Budweiser Asia Pacific (01876) fell nearly 4%. Institutions say continued weakness in the domestic market puts pressure on the company's EBITDA performance or is lower than that of the industry

The Zhitong Finance App learned that Budweiser Asia Pacific (01876) fell nearly 4%. As of press release, it was down 3.89% to HK$5.685, with a turnover of HK$31.336 million.

According to the news, Goldman Sachs recently reported that Budweiser Asia Pacific will announce the third quarter results at the end of October, predicting weak industry demand, adverse weather effects, and continued inventory removal, which will drag down sales in the Chinese market to continue to be pressured, and performance may be lower than that of the industry. The bank currently predicts that in organic terms, the Group's revenue and EBITDA for the third quarter will drop by 10% and 18.1%; in US dollars, the net profit forecast for the third quarter will reach US$101 million according to the report, and the net profit for the third quarter will reach US$101 million, and recurring net profit of US$142 million, down 45.4% and 30.4%, respectively.