'...The largest capex in 30 years for Carlsberg...' '...Bringing more automation and efficiency...' This initiative will reap returns in the long run. Perhaps once it's running in full capacity, the share price may overtake Heim? Just my 2 cents
High also need to drink mah … once border opened and with their investment almost 100million sure got growth …only downsize is regulatory issue with government
comparing PEx, Carlsberg is on the high side 34 compare to HEIM 25. If both to match market PE for brewery average 30x , Calrsbg price shall around RM18 that it can still go lower and HEIM price RM26.70. HEIM is better buy at this moment.
PE is not the bible but we can use as benchmark comparing players in same industry. For current KLSE market we need to change strategy rather get trapped. Carlsbg price today down to RM19.38 It is still on down trend, trade with cautious.
Off the back of a strong third-quarter performance, Carlsberg Brewery Malaysia Bhd is expected to put in a commendable fourth quarter result amid strong foreign tourist arrivals, and sporting events such as the 2022 Fifa World Cup and Singapore Grand Prix.
Hong Leong Investment Bank (HLIB) Research, which said the recent 8M22 core net profit announcement exceeded both its and consensus expectations, said it is pencilling in a higher sales volume assumption and average selling price for the brewer.
We are also not overly concerned about the potential demand erosion following Carlsberg raising its beer prices on 1 July, considering that beer remains the cheapest alcoholic drink in the market, thus relatively inelastic demand.
"Separately, we applaud the government initiatives on
curbing alcohol smuggling in Budget 2023, which is a boon to brewers whose sales have been cannibalized by the illicit," said the research firm.
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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....
investortrader88
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Posted by investortrader88 > 2022-02-17 20:37 | Report Abuse
https://www.theedgemarkets.com/article/carlsberg-allocates-largest-capex-30-years-upgrade-brewery-facilities-sees-potential-hit