Carlsberg Emerges the Winner in 3Q With Strong Performance in Asia
Carlsberg beat our forecasts for third-quarter revenue growth, reaping the rewards of its execution of its cost-saving programs and favourable weather in some key markets. We are raising our fair value estimate to DKK 743 from DKK 705 to account for the time value of money and slightly more optimistic near-term assumptions. We are reiterating our no-moat rating but acknowledge that this performance is likely to improve Carlsberg's returns on invested capital.Organic revenue growth was 9%, ahea...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.