AB InBev’s Asia Unit Rises in Hong Kong Trading Debut

Budweiser Asia's IPO in Hong Kong was met with enthusiasm, making it the most actively traded stock. Analysts predict further growth, with price targets set by Macquarie and Bernstein. The IPO is a significant boost for the Hong Kong exchange after a slow summer. The CEO expressed optimism about Hong Kong's future. Budweiser Asia plans to focus on growth in China and South Korea, having streamlined operations by selling its Australian business. The company aims to capitalize on the growing demand for premium beers in China, where it holds a significant market share.

What factors contribute to Bernstein's positive outlook on Budweiser Asia's stock?

What percentage of the Chinese premium beer market does Budweiser Asia currently hold?