2022-08-16 01:32
Heineken Malaysia's Earnings Forecasts Raised on Beer Demand Recovery
KUALA LUMPUR (Aug 15): Analysts have raised their earnings forecasts for Heineken Malaysia Bhd, after the brewing company's latest results for the first half ended June 30, 2022 (1HFY22) came in above their expectations.Hong Leong Investment Bank (HLIB) Research said in a note on Monday (Aug 15) that Heineken's 1HFY22 core net profit of RM199.5 million was above the research house's and the market consensus' forecasts of 58% and 63% respectively.Heineken Malaysia's net profit doubled to RM199.5 million in 1HFY22, compared with RM98.

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