KUALA LUMPUR: Following Heineken Malaysia Bhd
’s strong first quarter ended March 31 (1Q22) results, the group is anticipated to post a decent performance for 2Q22, driven by the resurgence in mobility and consumer confidence.
Heineken’s 1Q22 financial results exceeded expectations of most brokerage firms with well sustained sales.
UOB Kay Hian (UOBKH) Research said the group’s net profit of RM113.4mil for 1Q22 was well above its and consensus expectations, representing 40% of both its and consensus’ full-year forecasts.
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