BDWBY - Budweiser Brewing: A Hold Considering Mixed Outlook And Peer Valuations
2024-03-08 23:41:18 ET
Summary
- Budweiser APAC suffered from a -4% bottom line miss with its FY 2023 financial results, and the company dropped by a high single digit percentage on the earnings announcement day.
- The company's financial prospects are murky, taking into consideration the competitive dynamics of the beer market in South Korea, and its cost outlook.
- I maintain my Hold rating for BDWBF, as the stock appears to be fairly valued based on a peer comparison analysis.
Elevator Pitch
Budweiser Brewing Company APAC Limited ( OTCPK:BDWBF ) [1876:HK] or Budweiser APAC shares are rated as a Hold....
Budweiser Brewing: A Hold Considering Mixed Outlook And Peer Valuations