QUOTE(sharesa @ Feb 18 2009, 08:59 PM)
I think the profit margin for breweries has eroded since 1 year ago due to intense competition. Last time 1 carton usually about $110-120,
nowadays since before Chinese New year till now $88-100
I'm quite interested to buy Carlsberg stock but still feel unsure.
Since late 2-3 years Carlsberg result is deteoriating while Guiness still hold on its profit quite strongly, it just sum up the market share issue.
Infact Guiness is giving out around 40-46 cents pa (sustainable with EPS), while Carlsberg is struggling to give generous dividend (while some special dividend are given based on accumulated profit/cash not from sustaintable EPS).
Margin is squeezed since 3-4 years ago when gov raised the alcoholic tax.
Added on February 18, 2009, 9:05 pmQUOTE(panasonic88 @ Feb 18 2009, 09:04 PM)
so i expect Carlsberg share price to plunge on tomolo!
it has been surging up from 3.6x to 3.80 for no reason!!!
with poor quarterly report + no special dividend, its price must go down!!!
No interest to buy this stock anymore.
This post has been edited by cherroy: Feb 18 2009, 09:05 PM