Budweiser Brewing Co APAC Ltd (01876) - Comprehensive analysis
Budweiser APAC is the leading beer brewer in China by sales value, holding approximately a 40% share in the premium segment. The company boasts a nationwide distribution network and a diverse portfolio of international premium beer brands, supported by the significant resources of its parent company, Anheuser-Busch InBev. Budweiser APAC has also shown proficiency in digitalizing its channel management, which we believe gives it a competitive advantage over its peers and is crucial for seizing premiumization opportunities in the long term as volume growth stabilizes. We anticipate that the long-term premiumization trend in China's beer sector will persist, despite current sluggish consumer sentiment, due to a favorable competitive environment and shared objectives among major brewers in pursuing price growth over the long term.
MarketAnalysis
