Top Calls
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Results Note - Heineken
Malaysia (BUY, maintain)
Cheers to strong earnings Heineken Malaysia (HEIM)�s 12MFY16 earnings grew by 24.0% compared to the same period in FY15 to RM 265.7m, mainly due to higher sales, more effective cost controls in overall processes and effective commercial spend. This came above our expectations but in line with consensus expectations. We maintain our BUY call on the stock with a higher DCF-derived TP of RM 17.92.
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Other Calls
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Economy- Malaysia - Real
GDP growth forecast revision
External economic uncertainty may slow Malaysia�s GDP
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| For important disclosures, please refer to the Disclosure section at the end of the individual linked research reports. |
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