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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.
KUALA LUMPUR: Carlsberg Brewery Malaysia Bhd Heineken Malaysia Bhd are expected to register another record sales performance in 2020, says Affin Hwang Capital research.
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.
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.
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.