<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Sept 19): Hong Leong Investment Bank (HLIB) Research has maintained its “overweight” rating of brewers, and said it expects beer demand to stay resilient in 2H22, driven by continued pent-up demand for out-of-home drinking, return of foreign tourists, and FIFA World Cup.</p></div>

<div class=newsTextDataWrapInner><p>In a sector update on Monday (Sept 19), the research house said that moreover, brewers' various measures, together with the price hike, will cushion potential margin contraction amid higher input costs.</p></div>

<div class=newsTextDataWrapInner><p>“We also think concern over demand slowdown in 2H22 due to the high inflationary environment and the price hike has been overplayed, given that beer remains the cheapest alcoholic drink in the market.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“All in, we maintain our 'overweight' stance on the sector with 'buys' on both Carlsberg Brewery Malaysia Bhd and Heineken Malaysia Bhd,” it said.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


KUALA LUMPUR (Sept 19): Hong Leong Investment Bank (HLIB) Research has maintained its “overweight” rating of brewers, and said it expects beer demand to stay resilient in 2H22, driven by continued pent-up demand for out-of-home drinking, return of foreign tourists, and FIFA World Cup.

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HLIB Research expects beer demand to stay resilient in 2H22

The late Datuk Azlin Alias, who had been former prime minister Datuk Seri Najib Razak's principal private secretary up until his death, had instructed former 1Malaysia Development Bhd’s (1MDB) chief financial officer (CFO) Azmi Tahir to sign off on some funds transfers meant for investments including the multi-billion Tun Razak Exchange project, the High Court heard on Tuesday.

MACC IO says 'Azlin told Azmi to sign docs'

The upcoming development of the PKNS Square project in Seksyen 14 is poised to invigorate the economy and rejuvenate activities in Shah Alam city centre, said Selangor Menteri Besar Datuk Seri Amirudin Shari.

PKNS Square development will revitalise Shah Alam city centre, says Selangor MB

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GUH Holdings Bhd said on Tuesday its construction division has secured an RM69.49 million contract under the Sungai Rasau water supply scheme project from Gamuda Bhd.

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Airbus Helicopters eyes to grow its military market share in Malaysia

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<p>Shares in Oppstar Bhd rose to a five-month high on Tuesday after the integrated circuit (IC) design service provider announced it is partnering with South Korea’s tech giant Samsung Electronics Co Ltd to produce industrial ICs.</p>


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<p>Indonesia is planning to offer dual citizenship to its skilled diaspora as part of efforts to stem a brain drain of local talent.</p>


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<p>Ekuiti Nasional Bhd, the state-owned private equity firm also known as Ekuinas, said on Tuesday it has acquired an 80% stake in pharmaceutical ingredients maker Symbiotica Speciality Ingredients Sdn Bhd.</p>


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<p>Microsoft will invest US$1.7 billion (RM8.1 billion) over the next four years into expanding cloud services and artificial intelligence in Indonesia, including building data centres, visiting chief executive Satya Nadella said on Tuesday.</p>


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<p>The Securities Commission Malaysia (SC) has updated its Investor Alert List.</p>


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<p>HSBC said on Tuesday its chief executive Noel Quinn will retire — a surprise departure by its hard-nosed leader of five years who has overseen a sweeping series of asset sales across the globe.</p>


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<p>KUALA LUMPUR (April 30): Stock exchange operator Bursa Malaysia Bhd said on Tuesday that its net profit rose 34% in the first quarter of the year, from a year earlier, thanks to higher trading activity and fees from listings and other services.</p>


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<p>KUALA LUMPUR (April 30): Kucingko Bhd said on Tuesday that it has secured approval from Bursa Malaysia for an initial public offering (IPO) on the bourse’s ACE Market, setting it to be the first animation production studio to be listed on the Malaysian stock exchange.&nbsp;</p>


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<p>Hong Leong Investment Bank (HLIB) Research has valued ACE Market-bound Sin-Kung Logistics Bhd at 17 sen, based on 15x price earnings ratio on FY2024F of 1.1 sen.</p>


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<p>China needs to further reduce its Treasuries holdings, in part to lessen the potential leverage of Washington over its Asian rival, according to a paper published by a Chinese state think tank.</p>


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<p>It’s “better to ask for forgiveness than permission” when it comes to complying with the law, the billionaire founder of the Binance cryptocurrency exchange once told his team, according to the US government.</p>


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<p>Elon Musk has dismissed two Tesla senior executives and plans to lay off hundreds more employees, frustrated by falling sales and the pace of job cuts so far, <i>The Information</i> reported on Tuesday, citing the CEO's email to senior managers.</p>


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<p>Elon Musk’s net worth is soaring after it plunged to the lowest level in almost a year.</p>
