SAB [OUTPERFORM +13.6%] - Longer recovery pathway on slow profitability improvement - Update
  • 10 Aug 2023
  • Company Research
- We lower our target price (TP) by 6.7% but reiterate our OUTPERFORM rating as we believe that SAB is well positioned to capture long-term growth in Vietnam’s beer consumption due to its strong brands and extensive distribution. - Our decreased TP is mai