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If you look into past history, heim share price actually is higher than carls, however it started to change when carlsberg decided to have 100% dividend policy. Right now carlsberg announces no dividend for this financial year, I think carlsberg should be cheaper than heim
the major aspect we need to look into is the intrinsic value, in other words is how did the company do.For the past 2 year, carlsberg actually did better then Heineken. I keep buying down since RM 25 until now. Even if it drop to rm 20, I will still buying in.