Singapore’s government will likely spend big ahead of an upcoming election

With an election looming, the Singaporean government is expected to announce on Monday a “generous” budget that subsidizes health care and other costs of living for a substantial portion of the population. “Budget 2019 will likely be generous and expansionary, setting the stage for a possible early general election,” analysts from Malaysian financial services firm Maybank Kim Eng wrote in a recent report. Singaporean Prime Minister Lee Hsien Loong has suggested that the election, which must be h


With an election looming, the Singaporean government is expected to announce on Monday a “generous” budget that subsidizes health care and other costs of living for a substantial portion of the population. “Budget 2019 will likely be generous and expansionary, setting the stage for a possible early general election,” analysts from Malaysian financial services firm Maybank Kim Eng wrote in a recent report. Singaporean Prime Minister Lee Hsien Loong has suggested that the election, which must be h
Singapore’s government will likely spend big ahead of an upcoming election Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: yen nee lee, pakin songmor, moment, getty images, -irvin seah, senior economist at dbs
Keywords: news, cnbc, companies, likely, generous, early, singapores, wrote, suggested, billion, budget, election, ahead, thats, big, 2019, upcoming, spend


Singapore's government will likely spend big ahead of an upcoming election

With an election looming, the Singaporean government is expected to announce on Monday a “generous” budget that subsidizes health care and other costs of living for a substantial portion of the population.

“Budget 2019 will likely be generous and expansionary, setting the stage for a possible early general election,” analysts from Malaysian financial services firm Maybank Kim Eng wrote in a recent report.

Singaporean Prime Minister Lee Hsien Loong has suggested that the election, which must be held by April 2021, could take place as early as this year. Lee’s People’s Action Party has been in power on the island since 1959 — even before the city-state became independent.

The impending election and the need to spur economic growth amid a challenging global environment mean the government will likely — for the first time in four years — spend more than it is projected to earn.

Singapore’s budget deficit for the year starting April 2019 is estimated to be between 1.2 billion and 6.9 billion Singapore dollars (approximately $883.3 million to $5.08 billion), according to five analyst forecasts compiled by CNBC. That’s around 0.3 percent to 1.5 percent of the country’s gross domestic product.


Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: yen nee lee, pakin songmor, moment, getty images, -irvin seah, senior economist at dbs
Keywords: news, cnbc, companies, likely, generous, early, singapores, wrote, suggested, billion, budget, election, ahead, thats, big, 2019, upcoming, spend


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US Treasury yields lower ahead of fresh data

There is a strong focus on trade as China and the U.S. continue talks. According to the South China Morning Post, Chinese President Xi Jinping will meet with U.S. delegates on Friday, including Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer. In politics, the White House said Thursday that President Trump is signing legislation that prevents a government shutdown, but will also declare a national emergency to try to build a wall on the border with Mexico. Trump


There is a strong focus on trade as China and the U.S. continue talks. According to the South China Morning Post, Chinese President Xi Jinping will meet with U.S. delegates on Friday, including Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer. In politics, the White House said Thursday that President Trump is signing legislation that prevents a government shutdown, but will also declare a national emergency to try to build a wall on the border with Mexico. Trump
US Treasury yields lower ahead of fresh data Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: silvia amaro
Keywords: news, cnbc, companies, fresh, etthere, house, wall, trump, president, china, data, xi, trade, ahead, yields, treasury, white, lower


US Treasury yields lower ahead of fresh data

There is a strong focus on trade as China and the U.S. continue talks. According to the South China Morning Post, Chinese President Xi Jinping will meet with U.S. delegates on Friday, including Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer.

In politics, the White House said Thursday that President Trump is signing legislation that prevents a government shutdown, but will also declare a national emergency to try to build a wall on the border with Mexico. Trump is due to speak in the White House Rose Garden at 10 a.m. ET.

Furthermore, bond traders are likely to follow a speech by Atlanta Fed President Raphael Bostic at 9.55 a.m. ET.

There is also a raft of data due. There will be industrial production numbers out at 9.15 a.m. ET and consumer sentiment out at 10 a.m. ET.

There are no Treasury auctions planned.


Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: silvia amaro
Keywords: news, cnbc, companies, fresh, etthere, house, wall, trump, president, china, data, xi, trade, ahead, yields, treasury, white, lower


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US Treasury yields lower ahead of jobless claims

There is a strong focus on trade as China and the U.S. continue talks. President Donald Trump said Wednesday that talks were “going very well” as both sides look to reach an agreement before early March. Furthermore, bond traders are likely to follow a speech by Philly Fed President Patrick Harker in New York City at 11 a.m. ET with jobless claims and core PPI due at the same time. In terms of bond auctions, the Treasury is due to sell $50 billion in four-week bills and $35 billion in eight-week


There is a strong focus on trade as China and the U.S. continue talks. President Donald Trump said Wednesday that talks were “going very well” as both sides look to reach an agreement before early March. Furthermore, bond traders are likely to follow a speech by Philly Fed President Patrick Harker in New York City at 11 a.m. ET with jobless claims and core PPI due at the same time. In terms of bond auctions, the Treasury is due to sell $50 billion in four-week bills and $35 billion in eight-week
US Treasury yields lower ahead of jobless claims Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: silvia amaro
Keywords: news, cnbc, companies, lower, yields, traders, jobless, ahead, york, billion, president, talks, bills, treasury, trade, trump, bond, claims


US Treasury yields lower ahead of jobless claims

There is a strong focus on trade as China and the U.S. continue talks. President Donald Trump said Wednesday that talks were “going very well” as both sides look to reach an agreement before early March.

Furthermore, bond traders are likely to follow a speech by Philly Fed President Patrick Harker in New York City at 11 a.m. ET.

On the data front, retail sales are expected at 8.30 a.m. ET with jobless claims and core PPI due at the same time.

In terms of bond auctions, the Treasury is due to sell $50 billion in four-week bills and $35 billion in eight-week bills.


Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: silvia amaro
Keywords: news, cnbc, companies, lower, yields, traders, jobless, ahead, york, billion, president, talks, bills, treasury, trade, trump, bond, claims


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Cramer’s lightning round: I’m sticking with Domino’s ahead of earnings

Domino’s Pizza Inc.: “I think the quarter’s going to be OK. I think [CEO] Ritch Allison’s doing a real good job. I’m sticking with Domino’s. Baidu Inc.: “Nope, nope. I’m going to have to take a pass on it.”


Domino’s Pizza Inc.: “I think the quarter’s going to be OK. I think [CEO] Ritch Allison’s doing a real good job. I’m sticking with Domino’s. Baidu Inc.: “Nope, nope. I’m going to have to take a pass on it.”
Cramer’s lightning round: I’m sticking with Domino’s ahead of earnings Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, dominos, schlumberger, cramers, sticking, ahead, im, round, earnings, strong, ill, real, offshore, going, holdings, think, lightning, nope


Cramer's lightning round: I'm sticking with Domino's ahead of earnings

Domino’s Pizza Inc.: “I think the quarter’s going to be OK. I like the stock. I think [CEO] Ritch Allison’s doing a real good job. I’m sticking with Domino’s. [The] category’s not that flamboyant, it’s not doing that well, but hey, listen, they’re taking some share from another competitor that I don’t need to name.”

Baidu Inc.: “Nope, nope. We’re going to recommend only Alibaba. We’ve added that just because we feel like the trade camp is going to get a deal, but that’s the only one we’re going to do because we’re very, very strong on the fundamentals there.”

Synopsys Inc.: “It’s a good company. It’s design automation. I’ll give you a two-fer: I’ll also throw in Autodesk. I like that one, too. These are very strong stocks.”

Transocean Ltd.: “I don’t like offshore drilling. It’s just been a real loser. If you want to own offshore drilling, you might as well go be in … Schlumberger, and I never thought Schlumberger would sink as low as it did. There. I own that.”

MarketAxess Holdings Inc.: “You know we liked [CEO Rick] McVey when he was on. We’re not going to cash out up 21 percent. More upside.”

Lumentum Holdings Inc.: “Lumentum is a short-term trader. It’s too much of a trading vehicle. Too hard for this guy. I’m going to have to take a pass on it.”


Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, dominos, schlumberger, cramers, sticking, ahead, im, round, earnings, strong, ill, real, offshore, going, holdings, think, lightning, nope


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European markets open higher ahead of US-China trade talks

Market focus is largely attuned to global trade developments, with a delegation of U.S. officials set to travel to China for the next round of negotiations this week. The latest set of trade talks will take place in Beijing from Monday. Escalating tensions between the world’s two largest economies have cost both countries billions of dollars and roiled global financial markets. Back in Europe, investors are likely to monitor a preliminary quarter-on-quarter estimate of U.K. GDP growth rate data


Market focus is largely attuned to global trade developments, with a delegation of U.S. officials set to travel to China for the next round of negotiations this week. The latest set of trade talks will take place in Beijing from Monday. Escalating tensions between the world’s two largest economies have cost both countries billions of dollars and roiled global financial markets. Back in Europe, investors are likely to monitor a preliminary quarter-on-quarter estimate of U.K. GDP growth rate data
European markets open higher ahead of US-China trade talks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: sam meredith
Keywords: news, cnbc, companies, trade, european, uschina, ahead, latest, gdp, global, shares, set, talks, markets, higher, japan, uk, trading, open, data


European markets open higher ahead of US-China trade talks

Market focus is largely attuned to global trade developments, with a delegation of U.S. officials set to travel to China for the next round of negotiations this week.

The latest set of trade talks will take place in Beijing from Monday. It comes after discussions in Washington last week concluded without a deal.

Both sides are trying to secure a comprehensive trade agreement ahead of a March 1 deadline when U.S. tariffs on $200 billion worth of Chinese imports are scheduled to increase to 25 percent from 10 percent.

Escalating tensions between the world’s two largest economies have cost both countries billions of dollars and roiled global financial markets.

In Asia, Chinese shares whipsawed on Monday after they resumed trading following a week-long Lunar New Year holiday. The blue-chip index rose 0.4 percent, though trading volumes were still expected to be light with Japan on a public holiday.

MSCI’s broadest-index of Asia-Pacific shares, excluding Japan, was around 0.1 percent lower.

Back in Europe, investors are likely to monitor a preliminary quarter-on-quarter estimate of U.K. GDP growth rate data at around 9:30 a.m. London time. The U.K. is also expected to release annualized GDP data for December as well as the latest industrial production figures and trade balance data.


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: sam meredith
Keywords: news, cnbc, companies, trade, european, uschina, ahead, latest, gdp, global, shares, set, talks, markets, higher, japan, uk, trading, open, data


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US Treasury yields move higher ahead of further trade talks

U.S. government debt prices were lower on Monday morning, with investors increasingly concerned about trade and another potential government shutdown. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 2.6357 percent, while the yield on the 30-year Treasury bond was also higher at 2.9763 percent. There are further trade meetings between the U.S. and the Chinese administrations later this week. Time is running out ahead of the self-imposed d


U.S. government debt prices were lower on Monday morning, with investors increasingly concerned about trade and another potential government shutdown. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 2.6357 percent, while the yield on the 30-year Treasury bond was also higher at 2.9763 percent. There are further trade meetings between the U.S. and the Chinese administrations later this week. Time is running out ahead of the self-imposed d
US Treasury yields move higher ahead of further trade talks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: silvia amaro
Keywords: news, cnbc, companies, trade, ahead, shutdownat, treasury, selfimposed, talks, higher, chinese, worth, tariffs, yield, yields, week


US Treasury yields move higher ahead of further trade talks

U.S. government debt prices were lower on Monday morning, with investors increasingly concerned about trade and another potential government shutdown.

At around 0300 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 2.6357 percent, while the yield on the 30-year Treasury bond was also higher at 2.9763 percent.

There are further trade meetings between the U.S. and the Chinese administrations later this week. Time is running out ahead of the self-imposed deadlines of March 2. Failure to reach an agreement will raise U.S. tariffs on $200 billion worth of Chinese to 25 percent from 10 percent.


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: silvia amaro
Keywords: news, cnbc, companies, trade, ahead, shutdownat, treasury, selfimposed, talks, higher, chinese, worth, tariffs, yield, yields, week


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Facebook steps up fact-checking in India before election

Facebook has secured five new partnerships in India to widen its fact-checking program ahead of the country’s general election due by May. On Monday, the tech giant announced it had partnered with India Today Group, Vishvas.news, Factly, Newsmobile, and Fact Crescendo, which were all certified through an international fact-checking network. “We are committed to fighting the spread of false news on Facebook, especially ahead of the 2019 General Election campaign season. And one way to do that is


Facebook has secured five new partnerships in India to widen its fact-checking program ahead of the country’s general election due by May. On Monday, the tech giant announced it had partnered with India Today Group, Vishvas.news, Factly, Newsmobile, and Fact Crescendo, which were all certified through an international fact-checking network. “We are committed to fighting the spread of false news on Facebook, especially ahead of the 2019 General Election campaign season. And one way to do that is
Facebook steps up fact-checking in India before election Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: chloe taylor, david paul morris, bloomberg, getty images
Keywords: news, cnbc, companies, users, false, factchecking, india, partnerships, ahead, steps, facebook, partnership, partners, general, election


Facebook steps up fact-checking in India before election

Facebook has secured five new partnerships in India to widen its fact-checking program ahead of the country’s general election due by May.

On Monday, the tech giant announced it had partnered with India Today Group, Vishvas.news, Factly, Newsmobile, and Fact Crescendo, which were all certified through an international fact-checking network. The partners will review news stories posted on Facebook for facts and rate their accuracy, with stories rated as false expected to see their distribution reduced by around 80 percent.

Facebook also announced that the new partnerships would expand its fact-checking capability to three new languages, allowing it to monitor news in English, Hindi, Bengali, Telugu, Malayalam and Marathi.

Stories flagged as false will be moved to the bottom of users’ News Feeds, which Facebook said would significantly reduce their distribution. Pages and websites that repeatedly shared false news would have their ability to advertise and monetize removed, the company added.

“We are committed to fighting the spread of false news on Facebook, especially ahead of the 2019 General Election campaign season. And one way to do that is by growing our partnership with third-party fact-checkers,” Manish Khanduri, news partnership head at Facebook India said in a press release Monday.

“We know this is going to be a long-term commitment for us because the tactics used by bad actors are always changing. So we’re trying to take action in the short-term but also invest in partnerships, tools and technology we’ll need to stay ahead of new types of false news as well.”

Fact-checking partners will be able to write articles that give users more information on individual posts, which will appear below false news stories in news feeds. Facebook said it would complement this by notifying users when they share false news.


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: chloe taylor, david paul morris, bloomberg, getty images
Keywords: news, cnbc, companies, users, false, factchecking, india, partnerships, ahead, steps, facebook, partnership, partners, general, election


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Trade could be the biggest catalyst in week ahead

The earnings deluge continues and inflation reports are due, but it will be the tone of trade talks in Beijing that could have the biggest impact on markets in the week ahead. U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin head to China, as the U.S. and Chinese still appear to be far apart on trade differences, ahead of a March 1 deadline on new tariffs. I think if some good news comes out next week, it will be a very positive event for the market. If not we co


The earnings deluge continues and inflation reports are due, but it will be the tone of trade talks in Beijing that could have the biggest impact on markets in the week ahead. U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin head to China, as the U.S. and Chinese still appear to be far apart on trade differences, ahead of a March 1 deadline on new tariffs. I think if some good news comes out next week, it will be a very positive event for the market. If not we co
Trade could be the biggest catalyst in week ahead Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: patti domm, drew angerer, getty images news, getty images
Keywords: news, cnbc, companies, biggest, catalyst, week, trade, ahead, townswick, think, quarter, earnings, inflation, white, president, sp


Trade could be the biggest catalyst in week ahead

The earnings deluge continues and inflation reports are due, but it will be the tone of trade talks in Beijing that could have the biggest impact on markets in the week ahead.

U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin head to China, as the U.S. and Chinese still appear to be far apart on trade differences, ahead of a March 1 deadline on new tariffs.

Stocks were spooked Thursday and were weak Friday after White House top economic adivsor Larry Kudlow said differences between the two countries are “pretty sizeable” and the White House confirmed there are no plans yet for President Donald Trump and President Xi Jinping to meet.

“I think it’s a very big deal, but I think this whole process is one to manage expectations, and the market, I think, is being set up for positive news. I think if some good news comes out next week, it will be a very positive event for the market. If not we could see some sideways volatility,” said Don Townswick, head of equities at global investment management firm Conning.

Earnings will continue to rumble in from names including Cisco Systems, Coca-Cola and Pepsi, as another 60 S&P 500 companies report. Earnings for the fourth quarter have been up about 16 percent, but S&P 500 companies have warned that expectations were too high and now first quarter earnings are likely to show an actual decline.

“Obviously, last year’s earnings were supercharged. This year, what looks like a negative year in terms of earnings growth is relative to last year,” Townswick said. Many strategists point to the massive corporate tax cuts as being a big contributor to the pop in 2018 earnings growth, which reached 23 percent.

Besides earnings, there is some important data, particularly December’s retail sales Friday and CPI consumer inflation Wednesday. Producer inflation is expected on Thursday. The inflation data will be especially important after the Fed indicated, following its January meeting, that it was willing to pause in its rate hiking and that inflation remain subdued.


Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: patti domm, drew angerer, getty images news, getty images
Keywords: news, cnbc, companies, biggest, catalyst, week, trade, ahead, townswick, think, quarter, earnings, inflation, white, president, sp


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Chip stocks fall after Goldman and others warn they’ve gotten ahead of themselves

The Goldman warning comes amid a strong rally in chipmaker stocks, which bounced off a steep December decline and have since posted double-digit gains to start the new year. Angst mounted in the semiconductors space in late in 2018 amid the U.S.-China trade war and general concerns around China’s economic growth. While the Greensboro, North Carolina-based semiconductor company topped analyst profit expectations in the third quarter, it offered fourth-quarter earnings guidance of $1.05, well belo


The Goldman warning comes amid a strong rally in chipmaker stocks, which bounced off a steep December decline and have since posted double-digit gains to start the new year. Angst mounted in the semiconductors space in late in 2018 amid the U.S.-China trade war and general concerns around China’s economic growth. While the Greensboro, North Carolina-based semiconductor company topped analyst profit expectations in the third quarter, it offered fourth-quarter earnings guidance of $1.05, well belo
Chip stocks fall after Goldman and others warn they’ve gotten ahead of themselves Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: thomas franck, simon dawson, bloomberg, getty images
Keywords: news, cnbc, companies, stocks, analyst, semiconductor, goldman, theyve, warn, company, chip, rally, steep, smartphone, semiconductors, gotten, space, earnings, ahead, fall


Chip stocks fall after Goldman and others warn they've gotten ahead of themselves

The Goldman warning comes amid a strong rally in chipmaker stocks, which bounced off a steep December decline and have since posted double-digit gains to start the new year. Angst mounted in the semiconductors space in late in 2018 amid the U.S.-China trade war and general concerns around China’s economic growth. Demand also slowed between softer iPhone sales and a deceleration in cryptocurrency mining ventures.

And while those fears abated in the final days of 2018 and into the new year, Goldman and others have cautioned that the pain may not be over yet.

“Our near-term caution about being too early on memory is not just about avoiding catching a falling knife, but also the fact that upturns typically last for a year or longer,” Delaney added. “It’s only the second quarter of the DRAM downturn, and while NAND has been weak for several quarters there are still high levels of NAND inventory and demand in key markets like smartphones is quite weak.”

Also weighing on the chipmaker space Friday was Qorvo’s quarterly earnings report. While the Greensboro, North Carolina-based semiconductor company topped analyst profit expectations in the third quarter, it offered fourth-quarter earnings guidance of $1.05, well below consensus estimates of $1.33. The company reported earnings Thursday after market close.

“Qorvo’s March quarterly guidance reflects weakness in the broader smartphone market, partially offset by content gains with the leading Korea-based smartphone manufacturer and double-digit, year-over-year growth in IDP,” Chief Financial Officer Mark Murphy said of the projection. Qorvo’s stock was last seen down more than 6 percent.

Mizuho also penned a more bearish note on semiconductor stocks Friday. Analyst Vijay Rakesh downgraded Dutch chip manufacturer NXP Semiconductors, telling clients that while management’s cost control initiative is appreciated, the company’s 2019 global GDP outlook looks a little optimistic. Further, the stock’s valuation seems steep following a 40 percent rally since December, the analyst wrote.

“While CEO Rick Clemmer and CFO Peter Kelly have executed well with cost controls and steering the company, we are moving to the sidelines as we see continued challenges in China and Europe with auto and industrial headwinds limiting meaningful upside,” he wrote.

NXP fell 2.8 percent Friday.

— CNBC’s Michael Bloom contributed reporting.


Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: thomas franck, simon dawson, bloomberg, getty images
Keywords: news, cnbc, companies, stocks, analyst, semiconductor, goldman, theyve, warn, company, chip, rally, steep, smartphone, semiconductors, gotten, space, earnings, ahead, fall


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Brewer Carlsberg sees lower growth ahead with China as bright spot

Danish brewer Carlsberg posted fourth-quarter sales above expectations on Wednesday, driven by a strong growth in China, but said it sees 2019 organic growth below last year’s level. The company said its price mix, which indicates if the company sold more of its expensive beers, was positive in most markets, most notably in China where it sold more of its premium beer brands. Sales stood at 13.95 billion Danish crowns ($2.13 billion) in the fourth quarter, above the 13.51 billion crowns expected


Danish brewer Carlsberg posted fourth-quarter sales above expectations on Wednesday, driven by a strong growth in China, but said it sees 2019 organic growth below last year’s level. The company said its price mix, which indicates if the company sold more of its expensive beers, was positive in most markets, most notably in China where it sold more of its premium beer brands. Sales stood at 13.95 billion Danish crowns ($2.13 billion) in the fourth quarter, above the 13.51 billion crowns expected
Brewer Carlsberg sees lower growth ahead with China as bright spot Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-06
Keywords: news, cnbc, companies, china, ahead, strong, sales, sold, bright, brewer, company, share, crowns, billion, sees, profit, price, growth, lower, spot, carlsberg


Brewer Carlsberg sees lower growth ahead with China as bright spot

Danish brewer Carlsberg posted fourth-quarter sales above expectations on Wednesday, driven by a strong growth in China, but said it sees 2019 organic growth below last year’s level.

Carlsberg, the world’s third-largest brewer behind Anheuser Busch InBev and Heineken, said it expects operating profit to grow by mid-single-digit percentage in 2019, well below last year’s growth of 11 percent.

“We delivered a strong set of results for 2018,” Chief Executive Cees ‘t Hart said in a statement, referring to growth in sales, stronger profit margins and reduced debt.

The company said its price mix, which indicates if the company sold more of its expensive beers, was positive in most markets, most notably in China where it sold more of its premium beer brands.

The Chinese market is driven by international premium beer brands, which sell at two to three times the price of mainstream brands.

Sales stood at 13.95 billion Danish crowns ($2.13 billion) in the fourth quarter, above the 13.51 billion crowns expected by analysts in a Reuters poll.

The company said it would initiate a 12-month share buy-back programme of 4.5 billion crowns.

Carlsberg’s board will propose a dividend of 18 crowns per share, slightly below the 18.30 crowns expected by analysts in the poll.


Company: cnbc, Activity: cnbc, Date: 2019-02-06
Keywords: news, cnbc, companies, china, ahead, strong, sales, sold, bright, brewer, company, share, crowns, billion, sees, profit, price, growth, lower, spot, carlsberg


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