According to the Zhixuan Finance App, Bud Apac (01876) is now up nearly 4%, and as of press time, it is up 3.61%, at HK$9.48, with a turnover of HK$59.42 million.

On the news front, Ping An Securities pointed out that the cost dividend contributes to profit elasticity, and the high-end trend of beer continues. As the anti-dumping and countervailing duties on Australian barley have been cancelled and the price of packaging materials continues to fall, with the transmission of the cost dividend, the industry's profitability is expected to continue to improve, and 2024 will be the year for the cost dividend of beer. Currently, with the upgrade of product structure, the ton price of beer enterprises continues to rise, and although there is short-term consumption softening disturbance, the long-term trend of beer high-endization will continue, bullish on the sectoral opportunity.

Puyin International pointed out that looking forward to the second half of 2024, assuming relatively normal weather conditions, we predict that the year-on-year performance of major beer players' sales volume will improve on a low base compared to the first half of the year. In addition, we believe that the trend of consumer grading in the Chinese beer industry will probably continue in the second half of the year. In the future, the growth rate of high-end and ultra-high-end beer will continue to be higher than the average growth rate of the Chinese beer industry, so the layout of high-end and ultra-high-end product lines is still the main competitiveness of Chinese beer players in the long run.