Inelastic demand protects Carlsberg from price hikes


Analysts mostly maintained their ratings on the stock while revising downwards their earnings expectations.

PETALING JAYA: Carlsberg Brewery Malaysia Bhd (Carlsberg Malaysia), the brewer of the eponymous beer as well as stouts and ciders, is expected to defend margins and profitability through a hike in prices from Sept 1, analysts say

However, dour consumer sentiment and the possibility of a tax on sugary beverages being extended to alcohol and cigarettes also looms over the sector.

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