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Looking for Further Upside in Heineken

 Nov 05, 2009 12:49 PM UTC
Return Risk
-14.88% HIGH
Tracked Blogger

Graphic_arrow1 Via Long Investment Ideas from Seeking Alpha:  

Stock price: €30.4 ($44.8)
Conclusion: Looking for further upside. We confirm our valuation range of €35-40 ($52-59) per share in light of Q3 trading update.

Q3 trading update: sales down 3.9% to €4bn, almost flat like for like (-0.4%), adjusted EBIT up double digit. Guidance 2009 raised from high single digit organic net profit growth to low double digit growth.


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