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PETALING JAYA: The hike in prices by local breweries Heineken Malaysia Bhd and Carlsberg Brewery Malaysia Bhd will likely to result in alleviated operational cost pressure, say analysts.
KUALA LUMPUR (March 28): Heineken Malaysia Bhd and Carlsberg Brewery Malaysia Bhd are set to increase prices of their beer products by around 5%, as reported by Sin Chew Daily.
PETALING JAYA: The worst of Carlsberg Brewery Malaysia Bhd’s year-on-year (y-o-y) revenue declines is over and the group’s y-o-y revenue growth should turn positive by the second half of 2024 (2H24), says CGS International (CGSI) Research.
Stocks on Bursa Malaysia climbed higher in line with regional gains.
At 9.30am on Friday, the FBM KLCI had added 0.21% or 3.20 points to 1,548.69. It opened higher at 1,546.35.