<div class=newsTextDataWrapInner><p>KUALA LUMPUR (August 15): Hong Leong IB Research (HLIB) has maintained its “Buy” rating on Heineken Malaysia Bhd at RM24.40 with a higher target price (TP) of RM30.85 (from RM28.87) and said Heineken reported a 1H22 core net profit of RM199.5 million (+101.9% y-o-y) which came in above both house and consensus projections at 5 8% and 63%, respectively.</p></div>

<div class=newsTextDataWrapInner><p>In a note on Monday (Aug 15), the research house said the positive result surprise was due to a higher-than-expected beer demand following the transition to endemicity.</p></div>

<div class=newsTextDataWrapInner><p>“We raise our earnings forecasts for FY22-24f by 2-7% as we pencil in higher sales volume assumption to reflect the stronger-than-expected beers demand recovery.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“Subsequently, our TP is raised to RM30.85 (from RM28. 87), implying a PE multiple of 25x on its FY23f EPS of 123.4 sen.</p></div>

<div class=newsTextDataWrapInner><p>“Reiterate Buy rating on Heineken,” it said.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


KUALA LUMPUR (August 15): Hong Leong IB Research (HLIB) has maintained its “Buy” rating on Heineken Malaysia Bhd at RM24.40 with a higher target price (TP) of RM30.85 (from RM28.87) and said Heineken reported a 1H22 core net profit of RM199.5 million (+101.9% y-o-y) which came in above both house...

HLIB raises target price for Heineken to RM30.85

RIYADH (April 28): The World Economic Forum’s (WEF) Special Meeting commences in Riyadh, Saudi Arabia on Sunday, to find solutions to a host of global challenges relating to humanitarian issues, the climate and the economy.

World Economic Forum’s Special Meeting commences in Riyadh

WASHINGTON (April 27): US President Joe Biden delivered an election-year roast on Saturday night at the annual White House Correspondents' Association dinner, as protesters outside criticised his support for Israel's war against Hamas.

Biden jabs Trump in election-year roast at correspondents' dinner

Companies Commission of Malaysia issues directive to Ewog’s trustee to freeze trust account funds

Companies Commission of Malaysia orders East West One Group’s trustee to freeze trust account funds

BEIRUT (April 28): France's foreign minister will push proposals to prevent further escalation and a potential war between Israel and Iran-backed Hezbollah during a visit to Lebanon on Sunday, as Paris seeks to refine a roadmap that both sides could accept to ease tensions.

France's foreign minister looks to prevent Israel-Hezbollah conflict escalation in Lebanon visit

KUALA LUMPUR (April 28): Malaysia is on a mission to explore various economic opportunities and attract new investments at the World Economic Forum (WEF) Special Meeting in Riyadh, Saudi Arabia, which will last two days starting Sunday.

Anwar on a mission to explore economic opportunities, attract new investments at WEF

RIYADH (April 28): Malaysian Prime Minister Datuk Seri Anwar Ibrahim arrived here on Saturday (April 27) night for a three-day working visit to participate in the World Economic Forum’s (WEF) Special Meeting.

Anwar arrives in Riyadh for World Economic Forum Special Meeting

HULU SELANGOR (April 27): The Selangor government, via several subsidiaries, including the Selangor Menteri Besar (Incorporation) or MBI, has signed memoranda of understanding (MOUs) with several technology companies in Germany, in an effort to further develop the state.

Selangor signs MOU with tech firms in Germany

(April 28): A higher-for-longer interest rate environment is burnishing the credentials of cheap Chinese stocks and driving value investment strategies in Asia.

Fed repricing gives rise to new equities playbook in Asia

Jazz luminary Tay Cher Siang and songstress Janet Lee share their journey through the vibrant world of jazz, each shaped by unique encounters and cultural influences. For Tay, a chance encounter with Astrud Gilberto’s Corcovado sparked a lifelong passion for jazz, rooted in Malaysia’s rich tapestry of sounds and traditions. His eclectic approach to music, termed “cham cham jazz”, celebrates the country’s multicultural essence, blending diverse elements into a harmonious fusion.

Jazz is their jam

Boustead Properties Bhd will unveil its latest transit-oriented development in Mutiara Damansara in the third quarter of 2024 (3Q2024). A redevelopment project of the eCurve mall, which began operating in 2006 and was closed in 2021, The Lines will be part of the developer’s efforts to elevate the neighbourhood through the Mutiara Damansara revitalisation plan. The overall plan will take about 10 to 15 years to complete with an estimated gross development value of RM8.9 billion.

Reimagining Mutiara Damansara

<p>Boustead Properties Bhd will unveil its latest transit-oriented development in Mutiara Damansara in the third quarter of 2024 (3Q2024). A redevelopment project of the eCurve mall, which began operating in 2006 and was closed in 2021, The Lines will be part of the developer’s efforts to elevate the neighbourhood through the Mutiara Damansara revitalisation plan. The overall plan will take about 10 to 15 years to complete with an estimated gross development value of RM8.9 billion.</p>


<p>Companies Commission of Malaysia issues directive to Ewog’s trustee to freeze trust account funds</p>


<p>(April 28):&nbsp;A higher-for-longer interest rate environment is burnishing the credentials of cheap Chinese stocks and driving value investment strategies in Asia.&nbsp;</p>


<p>HULU SELANGOR (April 27): The Selangor government, via several subsidiaries, including the Selangor Menteri Besar (Incorporation) or MBI, has signed memoranda of understanding (MOUs) with several technology companies in Germany, in an effort to further develop the state.</p>


<p>RIYADH (April 28): Malaysian Prime Minister Datuk Seri Anwar Ibrahim arrived here on Saturday (April 27) night for a three-day working visit to participate in the World Economic Forum’s (WEF) Special Meeting.&nbsp;</p>


<p>Jazz luminary Tay Cher Siang and songstress Janet Lee share their journey through the vibrant world of jazz, each shaped by unique encounters and cultural influences. For Tay, a chance encounter with Astrud Gilberto’s Corcovado sparked a lifelong passion for jazz, rooted in Malaysia’s rich tapestry of sounds and traditions. His eclectic approach to music, termed “cham cham jazz”, celebrates the country’s multicultural essence, blending diverse elements into a harmonious fusion.&nbsp;</p>


<p>KUALA LUMPUR (April 28): Malaysia is on a mission to explore various economic opportunities and attract new investments at the World Economic Forum (WEF) Special Meeting in Riyadh, Saudi Arabia, which will last two days starting Sunday.</p>


<p>WASHINGTON (April 27): US&nbsp;President Joe Biden delivered an election-year roast on Saturday night at the annual White House Correspondents' Association dinner, as protesters outside criticised his support for Israel's war against Hamas.</p>


<p>RIYADH (April 28): The World Economic Forum’s (WEF) Special Meeting commences in Riyadh, Saudi Arabia&nbsp;on Sunday, to find solutions to a host of global challenges relating to humanitarian issues, the climate and the economy.&nbsp;</p>


<p>BEIRUT (April 28): France's foreign minister will push proposals to prevent further escalation and a potential war between Israel and Iran-backed Hezbollah during a visit to Lebanon on Sunday, as Paris seeks to refine a roadmap that both sides could accept to ease tensions.</p>
