Diageo’s (DGE LN, HOLD, T/P 2700p) brunchtime conference call with Sam Fischer, President of Diageo Greater China and Asia yesterday was interesting. The region – Diageo’s third largest at 20% of net revenue – should deliver the fastest pace of organic growth for the group in the next 2 years. The call confirmed our expectations of brisk sales growth and pointed further margin expansion for the region. We roll over our price target from calendar 2017 2018 and increased
01 Nov 2017
Walking Briskly in The Far East – Asia Pacific Update
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Walking Briskly in The Far East – Asia Pacific Update
Diageo plc (DGE:LON) | 2,836 382.8 0.5% | Mkt Cap: 63,093m
- Published:
01 Nov 2017 -
Author:
Chris Wickham -
Pages:
5
Diageo’s (DGE LN, HOLD, T/P 2700p) brunchtime conference call with Sam Fischer, President of Diageo Greater China and Asia yesterday was interesting. The region – Diageo’s third largest at 20% of net revenue – should deliver the fastest pace of organic growth for the group in the next 2 years. The call confirmed our expectations of brisk sales growth and pointed further margin expansion for the region. We roll over our price target from calendar 2017 2018 and increased