Carlsberg Malaysia Is Cgs-cimb Research’s Top Brewery Pick

KUALA LUMPUR (Sept 19): CGS-CIMB Research said today Carlsberg Brewery Malaysia Bhd is its top pick in the brewery sector due to the company’s higher dividend yields and cheaper valuations. In a note today, CGS-CIMB analyst Walter Aw said CGS-CIMB has an add call for Carlsberg shares with a target price (TP) of RM25.70. He said the research house retained its overweight call on the brewery sector, which includes Heineken Malaysia Bhd.


more on theedgemarkets.com