Capital, Earnings & M&A
Net Profit 10 Times That of China Resources Beer, 6 Times Tsingtao Beer: How Did Budweiser Become the Beer King?
In 2019, while the market fluctuated, consumer stocks thrived. After Moutai's historic market cap approached 1.3 trillion yuan, Budweiser's Asian business is set to list in Hong Kong. With net profits 10 times that of China Resources Beer and 6 times Tsingtao Beer, Budweiser's valuation appears relatively attractive.
华盛学院