Affin Hwang maintains Hold on Carlsberg, TP at RM24.60

KUALA LUMPUR: Affin Hwang Capital research maintained its hold call on Carlsberg Brewery Malaysia Bhd with an unchanged target price of RM24.60 following the release of the latter's first-half results, which came broadly in line with expectations.

In the first half of 2019, Carlsberg's net profit grew 5.3% to RM153mil on improved volume sales across its major segments.