Stocks Blog: Investors punish Budweiser APAC over poor results; Tencent slips
- Budweiser Brewing Company APAC’s (1876 HK) profit fell 22 per cent in the third quarter
- China Vanke Q3 net profit rises 31.6 per cent -- boosting shares in Hong Kong and mainland
Shares of Budweiser Brewing APAC tumbled after the beer maker reported its third-quarter profits fell 22 per cent.
Tencent -- whose mascots are pictured -- will be closely watched today, after it closed below a key support level Thursday.
Topic | Stocks Blog