Just a correction - the current p/e is 16.5 not 20. Quite a difference - market p/e is 16.45.
Looks like Indonesia is the most important market going forward - with its growing middle class with more discretianary spending coke should do well coming off a low penetration. They will do the same with fridges there - free for the shop as long as it's stocked with ccl products only. I'd imagine that would be a greater saving for Indonesian shop owners compared to Australasian shop owners, as a percentage of total costs of running the business.
In Oz if they can save $100M over the next 3 years as planned that would boost earnings greatly.
Not a screaming buy - but not a sell either imo.
CCL Price at posting:
$9.54 Sentiment: Hold Disclosure: Held
