Rakuten Trade Research Reports

Foreign Equities (HK) - BUDWEISER BREWING CO APAC LT - BUY with 20.9% potential upside while technical charting indicating positive sign.

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Publish date: Mon, 27 Feb 2023, 11:21 AM
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TECHNICAL ANALYSIS

Share price has been hovering near and above its MA 200 line after hitting its 52- week high at HKD15.17 in January. Lower trading volume is seen in the past 2 weeks which is in line with the HSI retracement. Indicators are showing uptick momentum, share price is pending breakout to move higher

Fundamentals

Net profit is expected to grow at a CAGR of 9.4% for the next 3 years with improved margin estimated to be above 15%.

Source: Rakuten Research - 27 Feb 2023

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