Heineken Malaysia growth trajectory intact

Maybank IB anticipates stable sequential earnings for 2Q25 and 3Q25.

PETALING JAYA: Heineken Malaysia Bhd is poised for steady growth in 2025, backed by resilient local demand, rising tourist arrivals and macro tailwinds such as the stronger ringgit and minimum wage hike.

Analysts believe these trends could support the brewery’s earnings despite lingering global uncertainties.