The boost also came from the "continuous premiumisation of [its] portfolio in both Malaysia and Singapore", it said in a stock exchange filing today. Revenue climbed 15.7% year-on-year (y-o-y) to RM480.52 million from RM415.45 million.
The stronger quarterly earnings helped lift its net profit for the first six months of FY19 (1HFY19) by 5.6% y-o-y to RM152.86 million from RM144.73 million, as revenue grew 18.3% to RM1.14 billion from RM963.92 million.
Maintain outperform with a higher target price (TP) of RM28.70: Post-meeting, we felt reassured of the management’s positive tone on its growing premium portfolio. The segment sustained double-digit volume growth (+22% versus the core beer brand’s +5%) in the first half of 2019 (1H19), which we believe has more potential for greater sales, after having successfully penetrated the market. That said, we believe the group is well-positioned to tap into the growing trend for premiumisation which will translate into bigger market share and volume growth. Notably, the group prides itself on its fastest-growing premium brand, 1664 Blanc (1H19 volume growth of 55%), thanks to its unique taste and a lack of direct peers in the market, which should continue to serve as a key driver for the premium segment moving forward.
weeliam , Most good counters do have a common trend:- Prices being artificially depressed prior to the announcements of upcoming positive news I suppose !
Let’s take for an example Genting , which is abt to announce its 3 Q anytime now. 2018 3Q was 276 mil in the red. 2019 Q1, Q2 registered strong growth. Coming Q 3 should be as strong as Q2 which was 56% higher the 2018 Q2. These few days’ downtrend maybe an artificially depressed one prior to a positive news. Let’s see such a trend does happen. Maybe it does ... maybe does not . ( If you think it does , go add oil some more ; good luck )
hares in Carlsberg Brewery Malaysia Bhd rose 1.41% this morning after its 3QFY19 net profit grew 6.5% higher to RM69.18 million, from RM64.98 million last year, sustained by higher sales and the continued premiumisation in Malaysia and Singapore.
President Trump has warned the US is "targeting" 52 Iranian sites and will strike "very fast and very hard" if Tehran attacks Americans or US assets.
The president's remarks followed the US assassination of Qasem Soleimani, a top Iranian general, in a drone strike. Soleimani's killing was a major escalation between the two nations, and Iran vowed to take "severe revenge".
Writing on Twitter, Mr Trump accused Iran of "talking very boldly about targeting certain USA assets".
He said the US had identified 52 Iranian sites, some "at a very high level & important to Iran & the Iranian culture", and warned they would be "HIT VERY FAST AND HARD" if Tehran struck at the US.
The problem is the person who drinks alcohol and drive. Alcohol by itself won't hurt, but under irresponsible or immature hands, it will kill.
Just like the Sun. If a person stand under it without a payung for long hours, who gets sun burnt or perhaps skin caner (if too much for too long)? We can't ban the Sun can we?
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
factslim1
48 posts
Posted by factslim1 > 2019-10-24 15:14 | Report Abuse
The boost also came from the "continuous premiumisation of [its] portfolio in both Malaysia and Singapore", it said in a stock exchange filing today. Revenue climbed 15.7% year-on-year (y-o-y) to RM480.52 million from RM415.45 million.
The stronger quarterly earnings helped lift its net profit for the first six months of FY19 (1HFY19) by 5.6% y-o-y to RM152.86 million from RM144.73 million, as revenue grew 18.3% to RM1.14 billion from RM963.92 million.