<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Feb 15): Credit Suisse analyst Joanna Cheah downgraded the recommendation on Carlsberg Brewery Malaysia Bhd to neutral from outperform.</p></div>

<div class=newsTextDataWrapInner><p>* Price target (PT) raised to RM22.70 from RM21.30. Carlsberg Malaysia average PT is RM20.31.</p></div>

<div class=newsTextDataWrapInner><p>* Carlsberg Malaysia had 2 buys, 6 holds, 2 sells previously: Bloomberg data</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>* Analysts raised their consensus one-year target price for the stock by 5.6 percent in the past three months. Forecasts range from RM17.30 to RM24.30.</p></div>

<div class=newsTextDataWrapInner><p>Performance Metrics</p></div>

<div class=newsTextDataWrapInner><p>* Investors who followed Cheah's recommendation would have received a 38 percent return in the past year, the same as the company's performance.</p></div>


Credit Suisse analyst Joanna Cheah downgraded the recommendation on Carlsberg Brewery Malaysia Bhd to neutral from outperform.

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<p>Bursa Malaysia remained in positive territory at the midday break on Wednesday, supported by continuous buying in selected heavyweight counters, especially in the telecommunications and media sectors.&nbsp;</p>


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