April 17, 2012

Carlsberg jumps after RHB raises fair value

Stock Name: CARLSBG
Company Name: CARLSBERG BREWERY MALAYSIA BHD
Research House: RHBPrice Call: BUYTarget Price: 11.60



As of the 12:30pm trading break in Kuala Lumpur, Carlsberg Brewery Malaysia Bhd added 0.7 per cent to RM10.90, poised to close at a record.

The stock's so-called fair value was raised to RM11.60 from RM10.90 at RHB Capital Bhd to reflect higher earnings prospects over the next three years, the brokerage said in a report today. -- Bloomberg

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