** Shares of Budweiser Brewing Company APAC 1876.HK jump as much as 13.5% to HK$8.90, highest since October 15, 2024
** Stock last up 11.4%, on track for the biggest one-day pct gains since November 2020
** Stock top pct gainer in Hang Seng Index .HSI, which is up 3.1%
** The brewer says its 2024 net profit down 15% y/y to $726 mln with revenue down 7% y/y to $6.2 bln
** However, company proposes $750 mln dividend, a 7% increase y/y, with final dividend increasing to 5.66 U.S. cents per share from 5.29 U.S. cents in 2023
** Citi says BUD APAC's core NP fell largely in line with market expectations and the brewer lifting dividend payout ratio is positive with enhanced cash return to shareholders
** Rivals also rise with China Resources Beer 0291.HK adding 2.9% and Tsingtao Brewery 0168.HK up 4.4%
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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