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Essential economic contributors must be protected
INDUSTRIES like alcohol, tobacco and gaming remain essential contributors to the Malaysian economy and the government must do more to ensure that these industries are not severely disrupted by the Covid-19 pandemic.
Another record year seen for local brewers
KUALA LUMPUR: Carlsberg Brewery Malaysia Bhd and Heineken Malaysia Bhd are expected to register another record sales performance in 2020, says Affin Hwang Capital Research.
Another record year projected for local brewers
KUALA LUMPUR: Carlsberg Brewery Malaysia Bhd Heineken Malaysia Bhd are expected to register another record sales performance in 2020, says Affin Hwang Capital research.
Increase in excise duty for alcohol seen unlikely in Budget 2020
PETALING JAYA: Cheers to brewery companies as the government is unlikely to increase the excise duty for alcohol in the upcoming Budget 2020 announcement next month, according to CGS-CIMB Research.
Heineken quarterly earnings up 20% on improved sentiment
PETALING JAYA: Heineken Malaysia Bhd has posted a 20% jump in net profit to RM78.87mil for its third quarter ended Sept 30 compared to RM65.87mil a year ago.
Brewers may gain from excise hike
PETALING JAYA: The 150% excise duty hike on locally produced hard liquor effective Dec 15 could possibly perk up the performance of brewers producing beer and stout as consumers shift to these options since it’s cheaper.
CIMB Research retains overweight on brewers, Heineken top pick
KUALA LUMPUR: CIMB Equities Research is maintaining its Overweight call on the brewer sector due to its defensive nature and inelastic demand for malt liquor market (MLM) products.
