Carlsberg's prospects for 2H recovery remain intact

KUALA LUMPUR: Carlsberg Bewery Malaysia Bhd's prospects of an earnings recovery remains on track in anticipation of a full-blown roll-out of the vaccination programme in the second half of the year.

Following the brewer's latest earnings results, Kenanga Research said it expects the near-term weakness resulting from softer beer demand to be partially alleviated by a sturdier Singapore operation due to the improving Covid situation there.