Carlsberg gets 'outperform' call
Publish date: Thu, 01 Nov 2012, 10:13 AM
Kenanga Research initiated coverage of Carlsberg Brewery Malaysia Berhad with an "outperform" call, given the brewer's strength in the niche beer market.
The brewer has the second-biggest market share in Malaysia, at 40 percent. The firm's niche products will help the company expand market share by 1.5 percent by June, Kenanga said in a note on Thursday.
"Carlsberg is the leader in the super premium segment, albeit the segment is still relatively new and small," Kenanga said.
"We believe that Carlsberg will be better positioned to compete with Guninness Anchor Berhad with its new locally brewed Asahi and the fast-growing Kronenbourg."
Kenanga set a target price of RM14.10 per share.
At 9.38 am, Carlsberg shares were down 0.46 percent at RM13.02, while the benchmark composite index was up 0.22 percent at 1,676.95. -- Reuters
The brewer has the second-biggest market share in Malaysia, at 40 percent. The firm's niche products will help the company expand market share by 1.5 percent by June, Kenanga said in a note on Thursday.
"Carlsberg is the leader in the super premium segment, albeit the segment is still relatively new and small," Kenanga said.
"We believe that Carlsberg will be better positioned to compete with Guninness Anchor Berhad with its new locally brewed Asahi and the fast-growing Kronenbourg."
Kenanga set a target price of RM14.10 per share.
At 9.38 am, Carlsberg shares were down 0.46 percent at RM13.02, while the benchmark composite index was up 0.22 percent at 1,676.95. -- Reuters
Labels: CARLSBG
Discussions
Be the first to like this. Showing 4 of 4 comments
Only the share price is outperformaning. The joke about all these fund mangers and Investment Banks, companies etc, they only tell you things that had alreday happened. Their prediction is always wrong (purposely?). I had stop looking at their comment long long ago.Then only I manage to make money.
2012-11-01 15:04
how many times are the fun managers correct? when market up they comment the market to move higher, when market down
2012-11-01 17:58
Probably the fund managers are working in concert...u know lah. Big players out there. They can't afford to be losers. They must ensure their portfolio making profit or otherwise they'll lose their backside.
2012-11-01 18:15
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These fun MANAGERS are writing now. After they may have had a long position. I was telling on this forum that buy and buy and never sell CARLSBERG AND GUINNESS ANCHOR.
2012-11-01 12:18