Carlsberg Brewery (M) - Cheers to Kronenbourg

Stock Name: CARLSBG
Company Name: CARLSBERG BREWERY MALAYSIA BHD

Research House: CIMB

Price Call: BUY

Target Price: 11.00

Target RM11.00

Carlsberg's briefing revealed its plans for in-house brewing of Kronenbourg and Blanc 1664 by 1H12, which should be positive for margins. Another plus is management's expectations of less raw material price pressure.

Source: CIMB Daybreak February 28, 2012, PDF Report