E-Malt.com News article: UK & South Africa: Analysts at UBS reiterate their ‘neutral’ rating on SABMiller

In a research note published early on October 13, UBS analysts mentioned that SABMiller has reported its 1H volumes ahead of the estimates. The FY07 volume growth estimate for SAB Miller has been raised from 7.9% to 9.8% for South America, from 5.4% to 7% for Europe and from 13.6% to 17.1% for Africa/Asia. The analysts believe that the company would continue to witness market share contraction going forward. The target price is set to 1070p.

18 October, 2006