Stock Name: CARLSBG
Company Name: CARLSBERG BREWERY MALAYSIA BHD
AmResarch revises its fair value on Carlsberg Brewery Malaysia up to RM11.50 per share from RM10.40, citing brighter long term growth prospects from the brewery's transformation strategy.
"Despite the stock's relative outperformance year to-date, we believe the current share price has not fully reflected Carlsberg's full potential," the broker said in a research note on Friday.
Maintaining "buy" on the counter, AmResearch said it foresees long-term transformational earnings growth underpinned by the group's aspiration to become a regional manufacturing hub with a strong focus on imported labels.
As of 9.35am in Kuala Lumpur trading, Carlsberg Brewery rose 0.59 percent, outperforming the Malaysian benchmark index, up 0.22 percent. -- Reuters
Company Name: CARLSBERG BREWERY MALAYSIA BHD
| Research House: AMMB | Price Call: BUY | Target Price: 11.50 |
AmResarch revises its fair value on Carlsberg Brewery Malaysia up to RM11.50 per share from RM10.40, citing brighter long term growth prospects from the brewery's transformation strategy.
"Despite the stock's relative outperformance year to-date, we believe the current share price has not fully reflected Carlsberg's full potential," the broker said in a research note on Friday.
Maintaining "buy" on the counter, AmResearch said it foresees long-term transformational earnings growth underpinned by the group's aspiration to become a regional manufacturing hub with a strong focus on imported labels.
As of 9.35am in Kuala Lumpur trading, Carlsberg Brewery rose 0.59 percent, outperforming the Malaysian benchmark index, up 0.22 percent. -- Reuters
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