HK-listed Budweiser Brewing jumps most in nearly a year on strong 9-mth results

China Resources Beer Holdings

28/10/2021 07:40

** Shares of Budweiser Brewing Company APAC Ltd  1876.HK 
jump 9.4% to HK$20.80, the biggest daily percentage gain since
Nov. 10 last year 
    ** Stock, which hit its highest since Oct. 8, is the biggest
percentage gainer on the Hang Seng Index  .HSI  and Hang Seng
Commerce & Industry Index  .HSNC  and the second biggest on the
Hang Seng Composite Index  .HSCI  
    ** The subsidiary of Anheuser-Busch InBev SA/NV  ABI.BR 
says its 9-month revenue jumped to $5.36 bln from $4.4 bln in
the same period a year ago and normalised profit soared to $872
mln from $542 mln a year ago  urn:newsml:reuters.com:*:nFWN2RN2F9
    ** The largest beer group in Asia Pacific, with Budweiser,
Stella Artois, Corona and Hoegaarden among its portfolio of more
than 50 brands, says it has accelerating premiumization and
market expansion despite weaker business environment in 3Q21
amid COVID 
    ** Chinese rivals also rise with China Resources Beer
 0291.HK  climbing 2.2% and Tsingtao Brewery's Hong Kong shares
 0168.HK  up 1.8%
    ** The Hang Seng Commerce & Industry Index  .HSNC  gains
0.3%, and the Composite Industry Index tracking consumer staples
 .HSCICS  rises 1.2%
    ** The Hang Seng Composite Index  .HSCI  slips 0.2% and the 
benchmark index  .HSI  eases 0.01%
    ** Budweiser Brewing's stock down 25.7% this year as of last
close

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))