Budweiser Brewing Co APAC Stock (OTC: BDWBY)

Latest news for Budweiser Brewing Co APAC (OTC:BDWBY) Stock

Budweiser APAC is the largest brewer in Asia by retail sales value and the second largest by volume, according to Euromonitor. After 10% of the business was listed on the Hong Kong exchange in 2019, parent company Anheuser-Busch InBev owns close to 90% of the company's equity.Budweiser APAC's largest markets are China (roughly 80% of 2023 revenue), South Korea (12%), and India (6%). The remaining 2% comprises Japan, New Zealand, and other export markets in the Asia-Pacific region. The company predominantly produces, imports, markets, distributes, and sells a portfolio of more than 50 beer brands, both owned and licensed, including global brands Budweiser, Stella Artois, and Corona along with multicountry brands and local brands such as Hoegaarden, Cass, and Harbin.

Asia

News

Markets

General

BUDWEISER BRWNG UNSP/ADR by BUDWEISER BREWING CO APAC LTD.

BDWBY

Key Takeaways:


	Budweiser APAC’s first-quarter revenues slipped 0.4% and profits fell 3.4%, sagging from elevated levels a year earlier and dampened by bad weather
	Market watchers say earnings may pick up in the second half, stimulated by events such as the Paris Olympics, but rivalry in the premium beer business is heating up




Slump From Post-Covid High Leaves Budweiser APAC With Earnings Hangover

Budweiser Brewing Co APAC Ltd

Deep-pocketed investors have adopted a bullish approach towards Barrick Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLD#NYSE">GOLD</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in GOLD usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for Barrick Gold. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 66% leaning bullish and 33% bearish. Among these notable options, 4 are puts, totaling $364,606, and 5 are calls, amounting to $485,755.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $17.0 and $25.0 for Barrick Gold, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
In terms of liquidity and interest, the mean open interest for Barrick Gold options trades today is 11794.14 with a total volume of 11,396.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Barrick Gold's big money trades within a strike price range of $17.0 to $25.0 over the last 30 days.
<h3>Barrick Gold Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728679632_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>GOLD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$3.45</td>
<td>$3.4</td>
<td>$3.4</td>
<td>$17.00</td>
<td>$340.0K</td>
<td>40.9K</td>
<td>2.0K</td>
</tr>
<tr>
<td>GOLD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$5.1</td>
<td>$5.0</td>
<td>$5.0</td>
<td>$25.00</td>
<td>$149.5K</td>
<td>131</td>
<td>300</td>
</tr>
<tr>
<td>GOLD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$5.75</td>
<td>$5.65</td>
<td>$5.65</td>
<td>$25.00</td>
<td>$111.3K</td>
<td>940</td>
<td>206</td>
</tr>
<tr>
<td>GOLD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$0.35</td>
<td>$0.34</td>
<td>$0.34</td>
<td>$20.00</td>
<td>$68.0K</td>
<td>7.7K</td>
<td>2.4K</td>
</tr>
<tr>
<td>GOLD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$1.16</td>
<td>$1.14</td>
<td>$1.15</td>
<td>$20.00</td>
<td>$50.4K</td>
<td>22.5K</td>
<td>502</td>
</tr>
</tbody>
</table>

<h3>About Barrick Gold</h3>
Based in Toronto, Barrick Gold is one of the world's largest gold miners. In 2023, the firm produced nearly 4.1 million attributable ounces of gold and about 420 million pounds of copper. At year-end 2023, Barrick had about two decades of gold reserves along with significant copper reserves. After buying Randgold in 2019 and combining its Nevada mines in a joint venture with competitor Newmont later that year, it operates mines in 19 countries in the Americas, Africa, the Middle East, and Asia. The company also has growing copper exposure. Its potential Reko Diq project in Pakistan, if developed, could double copper production by the end of the decade.
In light of the recent options history for Barrick Gold, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Where Is Barrick Gold Standing Right Now?</h3>
<ul>
<li>With a volume of 14,983,988, the price of GOLD is down -0.45% at $19.98. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 27 days.</li>
</ul>
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Barrick Gold, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

GOLD

Spotlight on Barrick Gold: Analyzing the Surge in Options Activity

Deep-pocketed investors have adopted a bullish approach towards Stellantis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in STLA usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for Stellantis. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 66% leaning bullish and 22% bearish. Among these notable options, 7 are puts, totaling $502,683, and 2 are calls, amounting to $74,300.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $13.0 to $15.0 for Stellantis over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Stellantis's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Stellantis's significant trades, within a strike price range of $13.0 to $15.0, over the past month.
<h3>Stellantis 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728679627_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>STLA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$3.0</td>
<td>$2.85</td>
<td>$2.9</td>
<td>$15.00</td>
<td>$149.6K</td>
<td>16.1K</td>
<td>516</td>
</tr>
<tr>
<td>STLA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$3.5</td>
<td>$3.2</td>
<td>$3.3</td>
<td>$15.00</td>
<td>$135.9K</td>
<td>3.4K</td>
<td>1.1K</td>
</tr>
<tr>
<td>STLA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$3.0</td>
<td>$2.75</td>
<td>$2.8</td>
<td>$15.00</td>
<td>$66.3K</td>
<td>9.6K</td>
<td>242</td>
</tr>
<tr>
<td>STLA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$2.35</td>
<td>$2.25</td>
<td>$2.3</td>
<td>$15.00</td>
<td>$63.3K</td>
<td>8.8K</td>
<td>291</td>
</tr>
<tr>
<td>STLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$0.4</td>
<td>$0.35</td>
<td>$0.4</td>
<td>$15.00</td>
<td>$40.1K</td>
<td>2.1K</td>
<td>1.1K</td>
</tr>
</tbody>
</table>

<h3>About Stellantis</h3>
Stellantis was created out of the merger of US-based Fiat Chrysler Automobiles, or FCA, and French-based Peugeot, or PSA, in January 2021, resulting in the fourth-largest automotive original equipment manufacturer, or OEM, by vehicle sales. In 2023 it sold 6.4 million vehicles, 44% and 30% in Europe and North America, respectively. North America is the most profitable region, contributing 53% of operating income. Its brands include Fiat, Jeep, Chrysler, Ram, Peugeot, Citroen, Opel, Alfa Romeo, and Maserati.
After a thorough review of the options trading surrounding Stellantis, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Present Market Standing of Stellantis</h3>
<ul>
<li>With a trading volume of 14,626,356, the price of STLA is down by -2.26%, reaching $13.0.</li>
<li>Current RSI values indicate that the stock is may be approaching oversold.</li>
<li>Next earnings report is scheduled for 125 days from now.</li>
</ul>
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Stellantis, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

STLA

Stellantis Unusual Options Activity

The U.S. Army has introduced new policies aimed at reducing substance misuse among soldiers, with a notable ban on the cannabis concentrate delta-8 THC and a warning to avoid poppy seeds. 
These updates, made on October 4, are part of broader Army regulations designed to address drug and alcohol abuse while reinforcing oversight and training within military ranks, reported Patty Nieberg&#8216;<a href="https://taskandpurpose.com/news/army-substance-use-policies/">s</a> <a href="https://taskandpurpose.com/news/army-substance-use-policies/">article</a> in the specialized magazine Task And Purpose.
<h3 class="wp-block-heading">Delta-8 THC: A Growing Concern Not Only Among Civilians</h3>
<a href="https://www.benzinga.com/topic/hemp">Hemp-derived</a> products are the center of an <a href="https://www.benzinga.com/markets/cannabis/24/09/40833963/expert-calls-for-a-united-hemp-and-cannabis-front-industries-should-collaborate-and-push-for-fed">ongoing national regulative</a> debate across the U.S.
One of the synthetic compounds, <a href="https://www.benzinga.com/markets/cannabis/24/01/36584043/real-weed-or-a-lab-high-delta-8-and-delta-9-thc-explained">Delta-8</a> THC, is now becoming an issue in the Army, leading to an increase in failed drug tests among soldiers. Thus, the Army&#8217;s newly released substance abuse policy includes an explicit ban on delta-8 THC, which was in a grey area due to a <a href="https://www.google.com/url?sa=t&amp;source=web&amp;rct=j&amp;opi=89978449&amp;url=https://www.benzinga.com/markets/cannabis/24/07/39783607/how-hemp-became-americas-loophole-for-legal-highs&amp;ved=2ahUKEwiGxO6RrISJAxUYvJUCHSPxJvkQFnoECB4QAQ&amp;usg=AOvVaw1hCCWEcxgXqHHgV01TqDh7">loophole</a> in the Farm Bill.
In addition to the ban on delta-8, soldiers are advised to avoid food products containing poppy seeds, as some may contain elevated levels of morphine and codeine, which could trigger red flags in a drug test.
Read Also: <a href="https://www.benzinga.com/general/biotech/24/02/37271000/u-s-army-invests-1-9m-to-develop-hemp-manufactured-buildings-for-military-operations">U.S. Army Invests $1.9M To Develop Hemp-Manufactured Buildings For Military Operations</a>
<h3 class="wp-block-heading">Other Substance Abuse Codes</h3>
Prescription drug misuse is also a key focus of the updated regulations.
Soldiers must now renew prescriptions within six months; any prescription used more than 12 months after the initial fill date is considered expired. Positive drug tests for such expired medications may lead to violations under the Uniformed Code of Military Justice (UCMJ).
The Army&#8217;s new guidelines also target underage drinking. Soldiers found consuming alcohol under the age of 21 may be referred to a two-day, 16-hour Alcohol and Drug Abuse Prevention Training (ADAPT). 
However, senior commanders retain the authority to permit underage drinking in specific circumstances to boost morale or foster camaraderie within units.
<ul>
<li>Read Next: <a href="https://www.benzinga.com/markets/cannabis/24/01/36835835/soldiers-and-cops-increasingly-allowed-to-use-cannabis-globally-from-south-africa-to-canada-and-">Soldiers And Cops Increasingly Allowed To Use Cannabis Globally, From South Africa To Canada, And More Global Updates</a></li>
</ul>
Cover: Photo by Konrad Ciężk <a href="https://www.pexels.com/es-es/foto/vestido-militar-de-camuflaje-marron-y-blanco-para-hombre-sentado-en-la-parte-superior-del-tanque-89112/">via</a> Pexels

Cannabis

Government

Regulations

US Army Tightens Substance Abuse Regulations, Banning Delta-8 THC, Warns Against Poppy Seeds

WIIM

Boeing shares are trading lower after the company announced worse-than-expected Q3 preliminary revenue and a 10% reduction in its workforce.

Michael Saylor has an ambition plan to turn MicroStrategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) into the top Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) bank.
What Happened: Saylor recently called MicroStrategy a "merchant bank.&#8221;
 Or, &#8220;you could call it a Bitcoin finance company,&#8221; he told Bernstein analysts, according to The Block.
MicroStrategy <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41053095/whats-going-on-with-microstrategy-stock">recently acquired 7,420 BTC</a>, increasing its holdings to 252,220 BTC (worth $15 billion). This makes the company the largest corporate Bitcoin holder globally.
Saylor, who started MicroStrategy in 1989, sees Bitcoin as a potent hedge against inflation and an exceptional tool for long-term value preservation. He anticipates that Bitcoin&#8217;s volatility will draw investors seeking high returns and will become indispensable for institutional and retail portfolios over time.
"If we end up with $20 billion of converts, $20 billion of preferred stock, $10 billion of debt and say $50 billion of some kind of debt instrument and structures instrument, we&#8217;ll have $100-$150 billion of Bitcoin,&#8221; Saylor said.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41243108/peter-schiff-encourages-microstrategy-founder-micheal-saylor-to-borrow-another-4-3b-to-buy">Peter Schiff Encourages MicroStrategy Founder Micheal Saylor To &#8216;Borrow&#8217; Another $4.3B To Buy Bitcoin That US Plans To Sell: &#8216;Once In A While, The Government Does Something Smart&#8217;</a>
Why It Matters: Saylor projects that by 2045, Bitcoin will constitute 7% of global financial capital. This suggests a $13 million price per Bitcoin.
The company's unique approach to Bitcoin banking involves borrowing rather than lending. Saylor contended that investing in the crypto king is less risky than lending to individuals, corporations, and governments. And the firm currently has no intentions to lend out its Bitcoin holdings.
CoinDesk analyst James Van Straten <a href="https://x.com/btcjvs/status/1844786635533344784">tweeted</a> Bernstein's latest MicroStrategy rating as outperform with a price target of $290, marking a 37% upside from current levels.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">A couple of months ago, Bernstein came out about the <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> ETFs: they are &quot;on the cusp of approval at major wirehouses at large banks. The basis trade is a trojan horse for adoption which leads to net long positions&quot;. Now giving <a href="https://twitter.com/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MSTR</a> an outperform rating at $290, another… <a href="https://t.co/tHrPQW2IzL">pic.twitter.com/tHrPQW2IzL</a>
&mdash; James Van Straten (@btcjvs) <a href="https://twitter.com/btcjvs/status/1844786635533344784?ref_src=twsrc%5Etfw">October 11, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
What&#8217;s Next: The influence of&nbsp;<a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a>&nbsp;is expected to be thoroughly explored at Benzinga&#8217;s upcoming&nbsp;<a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a>&nbsp;event on Nov. 19.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41195876/michael-saylor-once-said-bitcoins-days-are-numbered-now-he-holds-more-than-a-billion-worth">Michael Saylor Once Said &#8216;Bitcoin&#8217;s Days Are Numbered.&#8217; Here&#8217;s What Changed</a></li>
</ul>
Image: Wikimedia

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

MSTR

Michael Saylor Reveals MicroStrategy's Endgame Is To Be The 'Leading Bitcoin Bank' With $100B-$150B In BTC Holdings

Financing

OKUR

Okur Cormorant Asset Management Reports 14.98% Passive Stake In Onkure Therapeutics

BWFG

Bankwell Financial Group Q3 2024 Financial Performance Will Be Adversely Impacted By $8.2M Charge Off

Boeing CEO Says Production For Kc-46a Tanker Will Continue; Expect Substantial New Losses In BDS This Quarter; Based On The Workforce Reductions, We Will Not Proceed With Next Cycle Of Furloughs; Workforce Reductions Will Include Executives, Managers & Employees

Guidance

Boeing Sees Prelim. Q3 Loss Per Share $(9.97)

Boeing CEO Says Planning To Reduce Size Of Total Workforce By Roughly 10%, Over Coming Months; "Our Business Is In A Difficult Position"; On 777x Program, Challenges Faced In Development, Flight Test Pause, Ongoing Work Stoppage, To Delay Program Timeline; On 777x Program, Now Expect First Delivery In 2026; Plan To Build & Deliver Remaining 767 Freighters Ordered & Then Conclude Production Of Commercial Program In 2027

Boeing Sees Prelim. Q3 Revenue $17.8B Vs $18.432B Est.

High-rolling investors have positioned themselves bullish on Roku (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in ROKU often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 11 options trades for Roku. This is not a typical pattern.
The sentiment among these major traders is split, with 81% bullish and 9% bearish. Among all the options we identified, there was one put, amounting to $42,750, and 10 calls, totaling $426,979.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $50.0 to $110.0 for Roku over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Roku's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Roku's whale trades within a strike price range from $50.0 to $110.0 in the last 30 days. 
<h3>Roku Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728678730_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ROKU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/25/24</td>
<td>$2.32</td>
<td>$2.06</td>
<td>$2.31</td>
<td>$80.00</td>
<td>$70.2K</td>
<td>513</td>
<td style="text-align: right;">978</td>
</tr>
<tr>
<td>ROKU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$3.6</td>
<td>$3.5</td>
<td>$3.5</td>
<td>$110.00</td>
<td>$69.3K</td>
<td>6</td>
<td style="text-align: right;">199</td>
</tr>
<tr>
<td>ROKU</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>03/21/25</td>
<td>$31.35</td>
<td>$31.0</td>
<td>$31.2</td>
<td>$50.00</td>
<td>$62.4K</td>
<td>433</td>
<td style="text-align: right;">60</td>
</tr>
<tr>
<td>ROKU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/25/24</td>
<td>$2.28</td>
<td>$2.2</td>
<td>$2.21</td>
<td>$80.00</td>
<td>$43.5K</td>
<td>513</td>
<td style="text-align: right;">675</td>
</tr>
<tr>
<td>ROKU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$9.45</td>
<td>$9.3</td>
<td>$9.4</td>
<td>$75.00</td>
<td>$43.2K</td>
<td>1.0K</td>
<td style="text-align: right;">83</td>
</tr>
</tbody>
</table>

<h3>About Roku</h3>
Roku enables consumers to stream television programming. It has more than 80 million streaming households and provided well over 100 billion streaming hours in 2023. Roku is the top streaming operating system in the US, reaching more than half of broadband households, according to the company. Roku's OS is built into streaming devices and televisions that Roku sells and on connected televisions from other manufacturers that license Roku's name and software. Roku also operates the Roku Channel, a free, ad-supported streaming television platform that offers a mix of on-demand and live television programming. Roku generates revenue primarily from selling devices, licensing, and advertising, and it receives fees from subscription streaming platforms that sell subscriptions through Roku.
<h3>Roku's Current Market Status</h3>
<ul>
<li>With a trading volume of 2,206,468, the price of ROKU is up by 1.29%, reaching $78.37.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 19 days from now.</li>
</ul>
<h3>What The Experts Say On Roku</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $92.8.
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&#x2A; Maintaining their stance, an analyst from Citigroup continues to hold a Neutral rating for Roku, targeting a price of $77. 
&#x2A; Consistent in their evaluation, an analyst from Macquarie keeps a Outperform rating on Roku with a target price of $90. 
&#x2A; Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Roku, targeting a price of $92. 
&#x2A; An analyst from Benchmark downgraded its action to Buy with a price target of $105. 
&#x2A; Reflecting concerns, an analyst from Needham lowers its rating to Buy with a new price target of $100.
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ROKU

What the Options Market Tells Us About Roku

<h3>Gainers</h3>
<ul>
<li>Simpple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPPL#NASDAQ">SPPL</a>) stock moved upwards by 20.9% to $0.58 during Friday's after-market session. The market value of their outstanding shares is at $9.4 million. </li>
<li>Aqua Metals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AQMS#NASDAQ">AQMS</a>) shares increased by 4.35% to $0.17. The company's market cap stands at $23.5 million. </li>
<li>Ocean Power Techs (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#AMEX">OPTT</a>) stock rose 2.55% to $0.16. The company's market cap stands at $15.3 million. </li>
<li>Ultralife (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULBI#NASDAQ">ULBI</a>) stock moved upwards by 2.07% to $9.35. The market value of their outstanding shares is at $155.4 million. </li>
<li>Exela Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XELA#NASDAQ">XELA</a>) stock rose 1.89% to $2.08. The market value of their outstanding shares is at $13.2 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Momentus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNTS#NASDAQ">MNTS</a>) shares decreased by 6.3% to $0.64 during Friday's after-market session. The company's market cap stands at $16.3 million. </li>
<li>noco-noco (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCNC#NASDAQ">NCNC</a>) shares decreased by 5.55% to $0.1. The company's market cap stands at $18.4 million. </li>
<li>SOS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOS#NYSE">SOS</a>) stock declined by 5.11% to $0.84. The market value of their outstanding shares is at $16.6 million. </li>
<li>Complete Solaria (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSLR#NASDAQ">CSLR</a>) shares declined by 4.71% to $2.23. The market value of their outstanding shares is at $141.8 million. </li>
<li>SolarMax Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMXT#NASDAQ">SMXT</a>) shares decreased by 4.27% to $0.88. The market value of their outstanding shares is at $39.4 million. </li>
<li>Energous (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WATT#NASDAQ">WATT</a>) shares declined by 4.21% to $0.57. The company's market cap stands at $3.8 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

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MNTS

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OPTT

SMXT

SPPL

ULBI

WATT

XELA

11 Industrials Stocks Moving In Friday's After-Market Session

<h3>Gainers</h3>
<ul>
<li>Fenbo Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FEBO#NASDAQ">FEBO</a>) shares moved upwards by 12.6% to $4.2 during Friday's after-market session. The market value of their outstanding shares is at $46.4 million. </li>
<li>Yunhong Green CTI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YHGJ#NASDAQ">YHGJ</a>) stock increased by 9.82% to $0.82. The market value of their outstanding shares is at $21.3 million. </li>
<li>Vera Bradley (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRA#NASDAQ">VRA</a>) stock rose 8.1% to $5.6. The company's market cap stands at $158.0 million. </li>
<li>Educational Development (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EDUC#NASDAQ">EDUC</a>) stock moved upwards by 4.85% to $2.16. The company's market cap stands at $18.5 million. As per the news, the Q2 earnings report came out yesterday. </li>
<li>Color Star Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADD#NASDAQ">ADD</a>) stock moved upwards by 4.07% to $0.19. The company's market cap stands at $10.6 million. </li>
<li>SharpLink Gaming (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBET#NASDAQ">SBET</a>) stock rose 3.64% to $0.81. The company's market cap stands at $2.8 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Mynd.ai (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MYND#AMEX">MYND</a>) stock decreased by 5.2% to $1.29 during Friday's after-market session. The company's market cap stands at $58.8 million. </li>
<li>Cheetah Net Supply Chain (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTNT#NASDAQ">CTNT</a>) shares fell 5.01% to $0.21. The market value of their outstanding shares is at $8.1 million. </li>
<li>Algorhythm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIME#NASDAQ">RIME</a>) shares fell 4.65% to $0.5. The company's market cap stands at $4.8 million. </li>
<li>Digital Brands Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBGI#NASDAQ">DBGI</a>) shares declined by 4.35% to $0.17. </li>
<li>Volcon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VLCN#NASDAQ">VLCN</a>) shares fell 3.36% to $0.77. The company's market cap stands at $3.5 million. </li>
<li>Workhorse Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKHS#NASDAQ">WKHS</a>) shares declined by 3.25% to $0.77. The market value of their outstanding shares is at $18.6 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CTNT

DBGI

EDUC

FEBO

MYND

RIME

SBET

VLCN

WKHS

YHGJ

12 Consumer Discretionary Stocks Moving In Friday's After-Market Session

<h3>Gainers</h3>
<ul>
<li>Tevogen Bio Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TVGN#NASDAQ">TVGN</a>) stock rose 89.7% to $0.72 during Friday's after-market session. The market value of their outstanding shares is at $122.8 million. </li>
<li>Allakos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLK#NASDAQ">ALLK</a>) stock rose 5.75% to $0.69. The market value of their outstanding shares is at $61.2 million. </li>
<li>Unicycive Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UNCY#NASDAQ">UNCY</a>) stock rose 5.4% to $0.39. The company's market cap stands at $36.7 million. </li>
<li>Cara Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CARA#NASDAQ">CARA</a>) shares increased by 5.02% to $0.26. The company's market cap stands at $14.4 million. </li>
<li>Protagenic Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTIX#NASDAQ">PTIX</a>) shares rose 4.99% to $0.54. The company's market cap stands at $2.3 million. </li>
<li>Immunome (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMNM#NASDAQ">IMNM</a>) shares moved upwards by 4.98% to $12.84. The market value of their outstanding shares is at $771.1 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Akanda (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAN#NASDAQ">AKAN</a>) stock fell 8.4% to $0.95 during Friday's after-market session. The market value of their outstanding shares is at $2.7 million. </li>
<li>Dogwood Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DWTX#NASDAQ">DWTX</a>) stock fell 7.79% to $3.79. The market value of their outstanding shares is at $5.0 million. </li>
<li>Nexalin Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXL#NASDAQ">NXL</a>) shares declined by 7.56% to $0.72. The market value of their outstanding shares is at $7.6 million. </li>
<li>NewGenIvf Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NIVF#NASDAQ">NIVF</a>) shares fell 7.14% to $0.91. The company's market cap stands at $9.2 million. </li>
<li>BioLine Rx (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLRX#NASDAQ">BLRX</a>) shares fell 6.88% to $0.45. The company's market cap stands at $36.2 million. </li>
<li>Aclarion (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACON#NASDAQ">ACON</a>) stock fell 6.36% to $0.17. The company's market cap stands at $1.6 million. 
See Also: <a href="http://www.benzinga.com/money/best-healthcare-stocks/" title="www.benzinga.com/money/best-healthcare-stocks/">www.benzinga.com/money/best-healthcare-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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IMNM

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UNCY

12 Health Care Stocks Moving In Friday's After-Market Session

X3 Holdings Co., Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XTKG#NASDAQ">XTKG</a>) (the "Company" or "XTKG"), a global provider of digital solutions and technology services spanning diverse industries, today announced that it has received an extension of 180 calendar days from the&nbsp;Listing Qualifications Department of The&nbsp;Nasdaq Stock Market LLC ("Nasdaq") to regain compliance with the Nasdaq's minimum&nbsp;$1.00&nbsp;bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on the Nasdaq Capital Market (the "Bid Price Requirement"). As a result of the extension, the Company has until April 7, 2025, to regain compliance with the Bid Price Requirement. To regain compliance, the closing bid price of the Company's ordinary shares&nbsp;must be at least US$1.00 for a minimum of 10 consecutive business days prior to April 7, 2025. Nasdaq would then provide a written confirmation of compliance and the matter will be closed.

XTKG

X3 Holdings Receives Extension Until April 7, 2025, To Regain Compliance With The Bid Price Requirement

<h3>Gainers</h3>
<ul>
<li>XTI Aerospace (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XTIA#NASDAQ">XTIA</a>) stock increased by 5.8% to $0.15 during Friday's after-market session. The market value of their outstanding shares is at $5.2 million. </li>
<li>AEye (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIDR#NASDAQ">LIDR</a>) stock rose 4.03% to $1.29. The market value of their outstanding shares is at $11.5 million. </li>
<li>FOXO Technologies (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/FOXO#AMEX">FOXO</a>) stock increased by 2.81% to $0.18. The company's market cap stands at $2.4 million. </li>
<li>Akoustis Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKTS#NASDAQ">AKTS</a>) shares rose 2.8% to $0.08. The market value of their outstanding shares is at $11.9 million. </li>
<li>Data Storage (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DTST#NASDAQ">DTST</a>) stock increased by 2.65% to $3.83. The market value of their outstanding shares is at $26.7 million. </li>
<li>Braze (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRZE#NASDAQ">BRZE</a>) shares increased by 2.57% to $31.5. The company's market cap stands at $3.2 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Alpha Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATGL#NASDAQ">ATGL</a>) stock fell 5.9% to $5.53 during Friday's after-market session. The company's market cap stands at $84.4 million. </li>
<li>QXO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QXO#NASDAQ">QXO</a>) shares fell 4.68% to $14.86. The company's market cap stands at $6.0 billion. </li>
<li>Rekor Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REKR#NASDAQ">REKR</a>) shares decreased by 4.32% to $1.11. The market value of their outstanding shares is at $98.2 million. </li>
<li>XIAO-I (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIXI#NASDAQ">AIXI</a>) stock declined by 4.15% to $5.09. The market value of their outstanding shares is at $371.4 million. </li>
<li>Signing Day Sports (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SGN#AMEX">SGN</a>) stock fell 3.93% to $0.24. The company's market cap stands at $4.4 million. </li>
<li>SEALSQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAES#NASDAQ">LAES</a>) shares decreased by 3.11% to $0.41. The company's market cap stands at $12.0 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Information Technology Stocks Moving In Friday's After-Market Session

Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) has outperformed the market over the past 5 years by 11.42% on an annualized basis producing an average annual return of 25.58%. Currently, Meta Platforms has a market capitalization of $1.49 trillion. 
Buying $1000 In META: If an investor had bought $1000 of META stock 5 years ago, it would be worth $3,218.85 today based on a price of $589.40 for META at the time of writing.
<h3>Meta Platforms's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728678620_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

Here's How Much You Would Have Made Owning Meta Platforms Stock In The Last 5 Years

Amphenol (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APH#NYSE">APH</a>) has outperformed the market over the past 10 years by 6.69% on an annualized basis producing an average annual return of 18.71%. Currently, Amphenol has a market capitalization of $78.95 billion. 
Buying $1000 In APH: If an investor had bought $1000 of APH stock 10 years ago, it would be worth $5,571.28 today based on a price of $65.56 for APH at the time of writing.
<h3>Amphenol's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728678615_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Amphenol Stock In The Last 10 Years

<h3>GAINERS:</h3>
<ul>
<li><a href="https://www.benzinga.com/quote/ELLXF">Elixinol Wellness</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ELLXF#OTC">ELLXF</a>) shares closed up 48.15% at $0.00</li>
<li><a href="https://www.benzinga.com/quote/LMLLF">Pharmadrug</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LMLLF#OTC">LMLLF</a>) shares closed up 25.56% at $0.02</li>
<li><a href="https://www.benzinga.com/quote/TGIFF">1933 Industries</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TGIFF#OTC">TGIFF</a>) shares closed up 19.33% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/RSSFF">Affinor Growers</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/RSSFF#OTC">RSSFF</a>) shares closed up 14.83% at $0.06</li>
<li><a href="https://www.benzinga.com/quote/KAYS">Kaya Holdings</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/KAYS#OTC">KAYS</a>) shares closed up 9.04% at $0.04</li>
<li><a href="https://www.benzinga.com/quote/GRWG">GrowGeneration</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRWG#NASDAQ">GRWG</a>) shares closed up 7.07% at $2.05</li>
<li><a href="https://www.benzinga.com/quote/CLSH">CLS Holdings USA</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CLSH#OTC">CLSH</a>) shares closed up 5.55% at $0.05</li>
<li><a href="https://www.benzinga.com/quote/CBDY">Target Group</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CBDY#OTC">CBDY</a>) shares closed up 5.45% at $0.00</li>
<li><a href="https://www.benzinga.com/quote/CBWTF">Auxly Cannabis Group</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CBWTF#OTC">CBWTF</a>) shares closed up 5.11% at $0.03</li>
<li><a href="https://www.benzinga.com/quote/OILFF">Nextleaf Solutions</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/OILFF#OTC">OILFF</a>) shares closed up 4.58% at $0.06</li>
<li><a href="https://www.benzinga.com/quote/CNBX">CNBX Pharmaceuticals</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CNBX#OTC">CNBX</a>) shares closed up 4.37% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/UGRO">Urban-gro</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UGRO#NASDAQ">UGRO</a>) shares closed up 4.29% at $1.42</li>
<li><a href="https://www.benzinga.com/quote/MRMD">MariMed</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MRMD#OTC">MRMD</a>) shares closed up 4.03% at $0.15</li>
<li><a href="https://www.benzinga.com/quote/CARA">Cara Therapeutics</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CARA#NASDAQ">CARA</a>) shares closed up 3.74% at $0.25</li>
<li><a href="https://www.benzinga.com/quote/ESE">ESCO Technologies</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESE#NYSE">ESE</a>) shares closed up 3.46% at $124.85</li>
</ul>
<h3>LOSERS:</h3>
<ul>
<li><a href="https://www.benzinga.com/quote/RMHB">Rocky Mountain High</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/RMHB#OTC">RMHB</a>) shares closed down 32.43% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/MGWFF">Maple Leaf Green World</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MGWFF#OTC">MGWFF</a>) shares closed down 27.71% at $0.03</li>
<li><a href="https://www.benzinga.com/quote/BMMJ">Body and Mind</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BMMJ#OTC">BMMJ</a>) shares closed down 26.77% at $0.02</li>
<li><a href="https://www.benzinga.com/quote/LBUY">Leafbuyer Techs</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LBUY#OTC">LBUY</a>) shares closed down 20.00% at $0.02</li>
<li><a href="https://www.benzinga.com/quote/SOLCF">SOL Glb Inv</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SOLCF#OTC">SOLCF</a>) shares closed down 13.96% at $0.03</li>
<li><a href="https://www.benzinga.com/quote/BBRRF">Blueberries Medical</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BBRRF#OTC">BBRRF</a>) shares closed down 9.09% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/CNTMF">Cansortium</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CNTMF#OTC">CNTMF</a>) shares closed down 9.09% at $0.15</li>
<li><a href="https://www.benzinga.com/quote/XXII">22nd Century Group</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XXII#NASDAQ">XXII</a>) shares closed down 7.83% at $0.15</li>
<li><a href="https://www.benzinga.com/quote/FFNTF">4Front Ventures</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FFNTF#OTC">FFNTF</a>) shares closed down 6.22% at $0.05</li>
<li><a href="https://www.benzinga.com/quote/LVRLF">CordovaCann</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LVRLF#OTC">LVRLF</a>) shares closed down 5.72% at $0.05</li>
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Budweiser Brewing Co APAC

<h4>Key Takeaways:</h4>

<ul>
	<li>Budweiser APAC&rsquo;s first-quarter revenues slipped 0.4% and profits fell 3.4%, sagging from elevated levels a year earlier and dampened by bad weather</li>
	<li>Market watchers say earnings may pick up in the second half, stimulated by events such as the Paris Olympics, but rivalry in the premium beer business is heating up</li>
</ul>

By Fai Pui

It&rsquo;s a bit like the downer after a party. Beer industry takings surged last year when China lifted its Covid restrictions, but the high has been wearing off.

Last week Hong Kong-listed&nbsp;Budweiser Brewing Company APAC Ltd.&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/BDWBY#OTC">BDWBY</a>) became the latest Asian beer producer to report that sales had fallen flat in the first quarter compared to a year earlier, when China&rsquo;s bars and restaurants were just coming back to life after the privations of the Covid pandemic.

The brewer, which sells brands such as Stella Artois, Corona and Budweiser across Asia,&nbsp;<a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0508/2024050800063.pdf">said</a>&nbsp;its revenues slipped 0.4% in the quarter to $1.64 billion, while the volume of beer sales sank 4.8% to 2.11 billion liters.

Other beer producers have also been feeling hangover effects from last year&rsquo;s release of pent-up revelry.&nbsp;Tsingtao Brewery&nbsp;logged a 5.2% fall in year-on-year revenue for the quarter, while turnover growth at&nbsp;Beijing Yanjing Brewery&nbsp;slowed to just 1.7% from 13.7% a year earlier.

But unlike Budweiser APAC, those brewers managed to improve their bottom lines even as sales momentum moderated. To investors&rsquo; disappointment, Budweiser APAC&rsquo;s net profit actually fell 3.4% to $287 million despite a 4.4% drop in the quarter&rsquo;s cost of sales. The performance was particularly weak In China, where sales tumbled 6.2% from the year-earlier quarter and revenues took a 2.7% hit.

The sales drop in China and South Korea was chiefly to blame for the lower earnings, the company said, citing the high baseline a year earlier and extreme weather such as heavy rains in Guangdong in March. But CEO Jan Craps reaffirmed the company&rsquo;s focus on high-end beers, saying consumers will still want a taste of luxury even in challenging economic times.

Speaking at the results conference, he said high-end and ultra-premium products would be the company&rsquo;s main profit source in the medium to long term. The company applied small price hikes to its high-end brands last November but kept the cost of other products stable in view of economic conditions, he said.&nbsp;

China&rsquo;s beer production has been declining since hitting a peak of 50.65 million kiloliters in 2013. Only 34.11 million kiloliters were produced in 2020, edging up to 37.89 million kiloliters in 2023. Therefore, major players such as Tsingtao Breweries and&nbsp;China Resources Beer&nbsp;(0291.HK) have been piling onto Budweiser APAC&rsquo;s premium turf to achieve better business margins. The battle to attract high-end beer drinkers is getting ever more intense.

<h3>Superior Beer Wars</h3>

China Resources Beer, for example, has rolled out a range of premium drinks that helped to power an 18.6% jump in its annual profits last year. Consumers can choose from a high-end &ldquo;Pure Malt&rdquo;, an alcohol-free &ldquo;Heineken 0.0&rdquo; or a &ldquo;Qinshihuang CPA&rdquo;, a Chinese pale ale. The company&rsquo;s super-premium &ldquo;Nong Li&rdquo;, a strong beer, is priced at up to 1,199 yuan ($166). The brewer&rsquo;s sales of products classed as mid-grade or above rose 18.9% last year to about 2.5 million kiloliters. Some products achieved double-digit growth, with &ldquo;Heineken&rdquo; sales surging 60%.

China Resources Beer has ambitions to become the country&rsquo;s biggest seller of higher-end beers. Speaking after the release of 2023 results, Chairman Hou Xiaohai said the company was on track to achieve its goal ahead of schedule, this year or next, by doubling down on promoting its premium portfolio.

Tsingtao Brewery also ramped up its efforts at the top end of the market last year, investing in promoting its Wheat Beer, Pure Draft, 1903 and other brands. Last year its sales of mid- and high-grade drinks rose 10.5% to 3.24 million kiloliters, increasing 4.17 percentage points to 40.5% of overall sales.

In April Tsingtao Brewery told investors that the beer industry was in fierce competition for high-end sales, vowing to use its marketing strategy to gain the upper hand. Even Yanjing Brewery and Hong Kong&rsquo;s&nbsp;San Miguel Brewery&nbsp;(0236.HK)are challenging the giants by launching premium beers.

Whether all these rivals can succeed in the same exclusive space remains to be seen, as economic constraints force consumers to review their spending and in some cases to switch to cheaper brews. Commenting on the risk of &ldquo;consumption downgrading&rdquo;, Budweiser APAC&rsquo;s CEO said he thought buyers would make rational decisions, taking the pleasure of the experience into account.

Curtis Yeung, strategist at UOB Kay Hian (Hong Kong), agreed that consumption downgrading was not a major factor for Budweiser APAC for now, as the company&rsquo;s average retail price is rising. But competition in the industry was judged to be a growing problem. Yeung saw little prospect of an earnings uplift until the second half at the earliest, when European soccer championships and the Paris Olympics may stimulate beer sales.

Budweiser APAC&rsquo;s forward price-to-earnings (P/E) ratio stands at about 18 times, with a dividend yield of just 3.65%, which Yeung considers an unappealing valuation. Without any positive news for now, investors may want to check back in again later in the year when the company&rsquo;s business may be picking up.

This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

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