Carlsberg Underperformance Versus Peers Looks Overdone -- Market Talk

Dow Jones

06/19

0740 GMT - Danish brewer Carlsberg's recent share-price underperformance versus ABInBev and Heineken looks overdone, Citi analyst Simon Hales writes. Focus is on the weather in June and July, but the risk to earnings and full-year guidance is still skewed to the upside, he says. Second-quarter comparables in parts of central and eastern Europe are tough. However, a solid start to the period elsewhere, favorable weather in many western European markets, and an improving performance in Vietnam mean 2Q overall should be robust. The full-year contribution from recently acquired Britvic also offers upside potential. Meanwhile, noncore asset disposals could lead to an acceleration in reducing debt on the balance sheet. Citi reiterates its buy rating on the stock and opens a positive catalyst watch. Shares rise 0.7%. (dominic.chopping@wsj.com)

(END) Dow Jones Newswires

June 19, 2025 03:40 ET (07:40 GMT)

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(dominic.chopping@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 19, 2025 03:40 ET (07:40 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CABGY","symbol_name":"Carlsberg AS","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2544153192","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2544153192","pubTimestamp":1750318800,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0740 GMT - Danish brewer Carlsberg's recent share-price underperformance versus ABInBev and Heineken looks overdone, Citi analyst Simon Hales writes. Focus is on the weather in June and July, but the risk to earnings and full-year guidance is still skewed to the upside, he says. Second-quarter comparables in parts of central and eastern Europe are tough. However, a solid start to the period elsewhere, favorable weather in many western European markets, and an improving performance in Vietnam mean 2Q overall should be robust. The full-year contribution from recently acquired Britvic also offers upside potential. Meanwhile, noncore asset disposals could lead to an acceleration in reducing debt on the balance sheet. Citi reiterates its buy rating on the stock and opens a positive catalyst watch. Shares rise 0.7%. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"CABGY":"Carlsberg AS"},"translate_title":"嘉士伯与同行相比表现不佳看起来有些过头——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CABGY":0.9},"content_text":"0740 GMT - Danish brewer Carlsberg's recent share-price underperformance versus ABInBev and Heineken looks overdone, Citi analyst Simon Hales writes. Focus is on the weather in June and July, but the risk to earnings and full-year guidance is still skewed to the upside, he says. Second-quarter comparables in parts of central and eastern Europe are tough. However, a solid start to the period elsewhere, favorable weather in many western European markets, and an improving performance in Vietnam mean 2Q overall should be robust. The full-year contribution from recently acquired Britvic also offers upside potential. Meanwhile, noncore asset disposals could lead to an acceleration in reducing debt on the balance sheet. Citi reiterates its buy rating on the stock and opens a positive catalyst watch. Shares rise 0.7%. (dominic.chopping@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 19, 2025 03:40 ET (07:40 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}