On August 1, AB InBev will publish its Q2-24 results. We are somewhat below CSS, but still expect a solid quarter. We have two key questions for AB InBev: 1. Will it already raise the guidance, now CSS for organic EBITDA growth is above the guided range. 2. Will it announce another SBB. Our view: if not this quarter, we expect both to be announced next quarter, although for an SBB the company has attractive alternatives to create value.Given the strong earnings growth and potential value enhancing actions we reiterate our Buy rating. TP unchanged at EUR 64.
