This article first appeared in The Edge Financial Daily, on July 11, 2016.
Carlsberg Brewery Malaysia Bhd (+ve)
SHARES in Carlsberg Brewery Malaysia Bhd (fundamental: 2.3/3, valuation: 2.1/3) triggered our momentum algorithm for the second time this year. The counter closed up 48 sen or 3. 5% higher at RM14.20 last Friday, with 372,600 shares traded. This was higher than its 200-day average volume of 136,107 shares.
Carlsberg’s key brands include Carlsberg, Asahi, Kronenbourg, Skol, Jolly Shandy and Somersby. For its first financial quarter ended March 31, 2016 (1QFY16), Carlsberg reported a 33.3% increase in net profit to RM62.94 million, from RM47.23 million a year ago, driven by higher volume and value contributions from both its Malaysia and Singapore operations.
Revenue for 1QFY16 also increased by 6.1% to RM455.72 million, from RM429.45 million a year ago.
At the current share price, Carlsberg is trading at 11 times its book value.
CARLSBG (2836) - Stock With Momentum: Carlsberg Brewery Malaysia
http://www.theedgemarkets.com/my/article/stock-momentum-carlsberg-brewery-malaysia-0
