h 全球饮料行业研究报告 1302.pdf
(788.47 KB)
Investment summary 3
A-B InBev, Overweight 10
Ambev, Neutral 12
Compañia Cervecerías Unidas (CCU), Neutral 14
Grupo Modelo, Neutral 15
SABMiller, Neutral 17
Heineken, Neutral 19
Anadolu Efes, Neutral 20
Tsingtao: Underweight 22
Molson Coors: Neutral 23
Boston Beer: Underweight 24
Brewers: Valuations and risks 26
Disclosure appendix 40
Disclaimer 43


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