APB's Mixed Fortunes Mark Importance Of Geographical Diversification

Impressive FY10 financial results from Asia Pacific Breweries (APB) have continued to reflect and support our core industry view of emerging market (EM) outperformance. While we cannot afford to ignore the tremendous scope for growth in EMs, we maintain that a balanced geographical footprint holds the key to sustained long-term growth prospects, and APB's robust growth trajectory is certainly a strong testimony to this view.

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