there is AGM coming in May. If the forecast of the sales is better than predicted one, which is loss of -15% change in revenue and the cost cutting strategy is implemented, the sentiment can change. However, upon witnessing grocery and soft drink demand and that for coca cola, 15 % decline in revenue is likely to be unavoidable. While cost cutting program could bring hopes, it does not change its negative outlook, as stated by major credit companies. CCA will have a tough year.
CCL Price at posting:
$9.20 Sentiment: None Disclosure: Not Held