Nirgunan Tiruchelvam Head of Consumers Equity Research
September 13 2019
Budweiser's revamped IPO could add fizz to Asian Beer
In 1954, Australia’s Prime Minister Bob Hawke broke a world record for gulping two and half pints of beer in 11 seconds, but beer consumption in Australia is much more muted these days, halving on a per capita basis over the past 30 years. In fact, 2019 has marked the first year in which wine consumption has outstripped beer consumption down under.
Leaner and meaner IPO
Yesterday, Budweiser APAC, ABInBev’s Asian unit, announced plans for a revamped IPO. This would raise the spirits of Asian beer investors...
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