1010 GMT - Carlsberg shares remain attractively valued and Berenberg believes the brewer has the potential to consistently deliver high-single-digit earnings growth over the coming years. First-half results were in line on revenue growth and ahead on organic operating profit growth, while full-year guidance was narrowed toward the upper end. Soft drinks were the standout, but China lagged. Management doesn't expect China's weak beer market to improve as bad weather continued into the third quarter and distributors are carrying excess inventory. The bank notes Carlsberg has adopted IFRS 18 accounting standards, while introducing Carlsberg Performance Measures, which are metrics intended to show organic performance as defined by management. The bank increases its 2026 and 2027 earnings forecasts by 3.7% and 2.5% respectively. Shares fall 0.3%.