February 27, 2012

Carlsberg Brewery (M) - A post-CNY red packet

Stock Name: CARLSBG
Company Name: CARLSBERG BREWERY MALAYSIA BHD
Research House: CIMBPrice Call: BUYTarget Price: 11.00



Target RM11.00

Apart from a 7% FY11 earnings outperformance, Carlsberg surprised with a special dividend for the third year running. This should enable the stock to Outperform as investors may come to the view that special dividends are becoming more of an annual affair.





Source: CIMB Daybreak February 27, 2012 FULL PDF Report

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