Lower malt liquor market volume seen

While operations of brewers are allowed to continue during the MCO, the measures implemented during this period should lead to lower MLM sales, the reseach house said.

PETALING JAYA: Brewers are likely to be negatively affected by the implementation of the latest mandatory control order (MCO), particularly in terms of lower malt liquor market (MLM) volume.

CGS-CIMB Equities Research, in a report, said each fortnight of the MCO would negatively impact its financial year (FY) 2021 earnings per share (EPS) forecasts for Carlsberg Brewery Bhd and Heineken Malaysia Bhd by 3.2% and 5.9%, respectively.