Citigroup: Gives Anheuser-Busch InBev Asia Pacific (01876.HK) a "Buy" rating with a target price of 11.4 Hong Kong dollars.

According to the Wise Finance APP, Citigroup released a research report stating that the core net profit of Budweiser APAC (01876.HK) in the first quarter was roughly flat compared to the same period last year, at approximately $234 million US dollars, benefiting from a 2 percentage point decrease in effective tax rate and a 5-6% appreciation of the RMB against the US dollar. Citigroup has given Budweiser APAC a "buy" rating with a target price of HK$11.4.