[ET Net News Agency, 22 January 2024] Morgan Stanley lowered its target price for Bud
APAC (01876) to HKD21.5 from HKD25 and maintained its "overweight" rating.
The research house said it trims price target by 14%, driven by (1) 10% lower EPS
estimates; and (2) 4% from higher capex and working capital. (RC)