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4-Traders Homepage  >  Equities  >  Euronext Bruxelles  >  Anheuser-Busch InBev    ABI   BE0974293251

ANHEUSER-BUSCH INBEV (ABI)
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Anheuser Busch InBev : Belgium brewer to expand in Bình Dương

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10/04/2017 | 05:07am CET

Belgium-based brewer Anheuser - Busch InBev (AB InBev) is considering investing nearly US$7 million to expand production at two breweries in Viet Nam.

Belgium-based brewer Anheuser - Busch InBev (AB InBev) is considering investing nearly US$7 million to expand production at two breweries in Viet Nam.

Ken Hitchcock, AB InBev’s zone vice president for the Asia Pacific South region, announced the news at a meeting with the People’s Committee of Binh Duong yesterday.

The expansion would strengthen the company’s presence in the province. In May 2015, Anheuser - Busch InBev opened a brewery specialising in making Budweiser and Beck’s brands in Binh Duong Province. The brewery has a capacity of 100 million liters per year and is also the first AB InBev brewery in Southeast Asia.

Hitchcock emphasised that in order to develop sustainably, the company would priortise environmental protection by reducing water use and focusing on green energy.

The company aims for all AB InBev breweries to use clean energy by 2025. AB InBev plans to replace equipment for two breweries in Viet Nam to meet the target, Ken added.

Tran Thanh Liem, chairman of the Provincial People’s Committee, said InBev’s goal of increasing environmental responsibility while expanding manufacturing is inline with the province’s development plans.

Currently, the province is focused on developing its industrial and service sectors, with an emphasis on seeking investment in hi-tech and environmentally friendly industries.

Source VNA

(c) 2017 Vietnam Investment Review Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2017 56 841 M
EBIT 2017 17 728 M
Net income 2017 7 634 M
Debt 2017 99 397 M
Yield 2017 3,51%
P/E ratio 2017 28,64
P/E ratio 2018 22,30
EV / Sales 2017 5,05x
EV / Sales 2018 4,86x
Capitalization 188 B
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Mean consensus OUTPERFORM
Number of Analysts 31
Average target price 130 $
Spread / Average Target 17%
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NameTitle
Carlos Alves de Brito Chief Executive Officer
Olivier Goudet Chairman
Luis Felipe Pedreira Dutra Leite Chief Financial & Technology Officer
Martin J. Barrington Non-Executive Director
William F. Gifford Non-Executive Director
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