Robust economy to boost Carlsberg sales

TA Research tweaked its estimations for FY25 and FY26 core earnings slightly upwards by 0.2% and 0.6% to RM360.6mil and RM397.2mil, respectively.

PETALING JAYA: Carlsberg Brewery Malaysia Bhd may face elevated inflationary pressures and high operating as well as advertising and promotional costs in its financial year 2025 (FY25).

Hong Leong Investment Bank (HLIB) Research stated that elevated A&P is expected to persist in FY25 “especially given that Sapporo Singapore’s market share has yet to match the performance of its predecessor Asahi”.