(2836, CARLSBG) Carlsberg Brewery cut to 'hold'
2 posters
Page 1 of 1
(2836, CARLSBG) Carlsberg Brewery cut to 'hold'
Hong Leong Investment Bank Research cut its rating on Carlsberg Brewery Malaysia Bhd to "hold", citing a challenging outlook due to rising costs and the threat of beer-smuggling affecting its Singapore business.
“Although Singapore’s operations were one of our main catalysts for Carlsberg, we are now more cautious on its growth from the threat of smuggled cheap beers into the island,” Hong Leong said in a note on Wednesday.
“FY2013 will continue to be challenging from rising raw material (barley) and packaging (aluminium and card boards) prices,” Hong Leong added.
The research house said Carlsberg may expand into other markets besides Singapore through mergers and acquisitions, and may consider getting government’s approval to build a new plant as it has almost reached a maximum capacity output. -- Reuters
Read more: Carlsberg Brewery cut to 'hold' [You must be registered and logged in to see this link.]
“Although Singapore’s operations were one of our main catalysts for Carlsberg, we are now more cautious on its growth from the threat of smuggled cheap beers into the island,” Hong Leong said in a note on Wednesday.
“FY2013 will continue to be challenging from rising raw material (barley) and packaging (aluminium and card boards) prices,” Hong Leong added.
The research house said Carlsberg may expand into other markets besides Singapore through mergers and acquisitions, and may consider getting government’s approval to build a new plant as it has almost reached a maximum capacity output. -- Reuters
Read more: Carlsberg Brewery cut to 'hold' [You must be registered and logged in to see this link.]
JF- Senior Member
- Posts : 2785 Credits : 3269 Reputation : 163
Join date : 2011-10-07
Job/Hobbies : $$
$$
Re: (2836, CARLSBG) Carlsberg Brewery cut to 'hold'
reps for news....
need a beer
need a beer
kppl- Senior Member
- Posts : 2270 Credits : 2611 Reputation : 150
Join date : 2012-01-31
Stock Portfolio : AIG, DHI, ORCL, CSCO, BRK.B
-ve
JF- Senior Member
- Posts : 2785 Credits : 3269 Reputation : 163
Join date : 2011-10-07
Job/Hobbies : $$
$$
Similar topics
» Carlsberg bags most preferred beer brand award for 14th year (2836)
» Stock With Momentum: Carlsberg Brewery Malaysia
» Insider Asia’s Stock Of The Day: Carlsberg Brewery Malaysia
» Time to sober up -brewery business
» Kirin, F&N line up advisers for takeover battle for prized Singapore brewery
» Stock With Momentum: Carlsberg Brewery Malaysia
» Insider Asia’s Stock Of The Day: Carlsberg Brewery Malaysia
» Time to sober up -brewery business
» Kirin, F&N line up advisers for takeover battle for prized Singapore brewery
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
|
|