Carlsberg Brewery Malaysia Bhd (+ve)
Carlsberg (fundamental: 1.9/3; valuation: 1.5/3) triggered our momentum algorithm yesterday as its shares jumped by 2.64% to RM12.44, after some 365,100 shares were traded.
The group posted an increase in net profit by 18.36% to RM74.48 million in its fourth quarter ended Dec 31, 2015 (4QFY15), compared to the corresponding quarter in 2014, due to effective revenue optimisation, better product and price mix, as well as prudent cost management across the group.
For its full year (FY15), Carlsberg registered a slight increase of 2.05% in net profit compared to a year ago.
A final and special single-tier dividend of 67 sen was announced following the interim dividend of 5 sen that was paid in Oct 9, 2015, bringing its total declared and proposed dividends for FY15 to 72 sen.
The group is currently trading at a trailing P/E ratio of 18.24 times and 13 times its book value.
March 01, 2016
http://www.theedgemarkets.com/my/article/stock-momentum-carlsberg-brewery-malaysia
