KUALA LUMPUR (Aug 16): Carlsberg Brewery Malaysia Bhd’s (Carlsberg Malaysia) net profit in the second quarter ended June 30, 2018 (2QFY18) rose 4.9% to RM63.91 million from RM60.92 million previously, helped by better performance of its Malaysian and Sri Lankan operations.
The better performance in the two markets mitigated lower profit from the Singapore operations which experienced lower sales, it said, and the year-on-year strengthening of the ringgit against the Singapore dollar in the quarter.
Earnings per share rose to 20.9 sen from 19.93 sen in 2QFY17.
If the incremental buyers and sellers of Tesla’s stock are risk arbitrageurs and other “hot money” players that should dismay long-term Tesla believers. I have dealt with those types of funds many times on my Wall Street career, and their trigger fingers are notoriously itchy.