Carlsberg is game over for now. 19/5/2021

 Carlsberg just reported a profit of 21.73 cents per share for Q12021. which is lower than Q12020 due to covid19 pandemic. Q1 is the strongest quarter due to CNY sale. As a result, the rest of the year will be lower in revenue and profit. thus, with current price of RM21.xx , i believe it will going south for the next 6 months. Coupled with increased covid19 cases in Malaysia and Singapore. Q22021 will be very bad. 

Based on the chart, the generic price for carlsberg is RM24+- . Forget about the spike to RM31 as it was just pump and dump in a very short period.

Thus, the upside potential is limited even after the pandemic is over, but the downside risk is higher.