[ET Net News Agency, 2 August 2021] Credit Suisse lowered its target price for Bud APAC
(01876) to HK$25.5 from HK$27 and maintained its "neutral" rating.
The research house said in China, it estimates 2Q21 organic revenue/normalised EBITDA
was flat/-3% vs 2Q19, suggesting a slower pace of recovery vs. domestic peers amid
COVID-19 resurgence in Guangdong. (RC)