Budweiser Brewing Co. APAC Ltd. (HK1876) is a prominent beverage company based in the Asia-Pacific region, with a market capitalization of 238.7 billion HKD as of July 20, 2023. Originally established as part of Anheuser-Busch InBev, the company's history can be traced back to 1876 when the Anheuser-Busch brewery was founded in the United States.
It gained international recognition for its iconic Budweiser beer brand, becoming one of the world's largest brewing companies. In 2019, the Asia-Pacific operations were spun off into a separate entity, Budweiser Brewing Co. APAC Ltd., to focus on the growing market in the region. The company has since expanded its product portfolio and continues to be a major player in the beverage industry.
Within the last 5 years, the share price has experienced highs and lows, with several notable events. When it launched, the stock was trading at HKD 27.40 per share and rose to its highest peak of 32.65 HKD in October 2019. However, this didn't last long as the share price started to slide beginning in 2020, following the onset of the COVID-19 pandemic. By March 2020, the shares traded at just over HKD 16, which was one of the lowest points. By November 2020, the price had climbed back to HKD 26. A year later, HK1876 stock saw another peak in October 2021 with a high of HKD 24.52, and then declined drastically in October 2022 to its lowest at HKD 15.90.
By using trading strategies such as trend trading and swing trading and carefully studying indicators such as moving averages, traders may equip themselves with the right tools to make informed decisions and strategies.
If you are planning to start trading Budweiser Brewing Co. APAC Ltd. (HK1876) stock, it's important to keep an eye on the competitors in the market. By doing so, you can gain a better perspective on the company's position in the industry. They include:
- Carlsberg A/S (CARLBc.DXE): It is a Danish brewing company that has been in the market for more than 170 years. It's the fifth largest brewery group in the world and is operational in over 150 countries.
- Tsingtao Brewery Co., Ltd. (HK168): It is a Chinese brewery that was founded in 1903. It's one of the oldest beer companies in China and has a strong market position in the country's beer industry. Tsingtao Brewery is widely exported to various countries in Europe, North and South America, and Asia.
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