AB Inbev: Oddo BHF still a buyer, following Asia rumour

(CercleFinance.com) - Oddo BHF maintains its buy rating on the AB Inbev stock, along with its target price of 80 euros, while according to Bloomberg, the brewer is considering floating its Asian activities.


Oddo BHF says that this deal is most likely to occur in Hong Kong, as cited by numerous sources, and that it would enable the group to reduce its colossal debt; in addition, it would probably have a positive impact on the share price in the near term.

However, the broker warns that this deal would deprive it from a strong growth zone and would reinforce the weight of mature markets over the long term, although adds that Asia-Pacific (along with Africa) is an area where the potential for a premiumisation in the market is the greatest.



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