AB Inbev rises after 'reassuring' Q2 core profit beat
** Shares in Anheuser-Busch InBev ABI.BR rise around 2% after the beer giant posted Q2 core profit above estimates, despite a decline in volumes, and stuck to its guidance
** The group reported a 10.2% rise in Q2 normalised core profit (EBITDA), surpassing analysts' forecast for growth of 8.3%
** "Banking the 2Q beat is worth 1.5%, expect shares to be better today given the low valuation, consistency of delivery and impressive profit growth," Jefferies says
** The broker adds that despite tough conditions in China and Argentina, the company has overdelivered on bottom line with very strong performance in the U.S., LATAM and South Africa
** J.P.Morgan analysts says the firm's performance is "reassuring" after peer Heineken HEIN.AS missed on H1
** The stock is among the top performers on Belgian BEL 20 .BFX index
Reporting by Federica Mileo
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