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KUALA LUMPUR (Nov 9): Hong Leong IB Research (HLIB) has maintained its “Buy” rating on Heineken Malaysia Bhd at RM23.44 with a higher target price of RM31.18 (from RM29.62) and said Heineken reported a 9M22 core net profit of RM308. 2 million (+105.7% y-o-y) which came in above both house and consensus projections at 83% and 88%, respectively. In a note on Wednesday (Nov 9), the research house said the positive result surprise was due to higher-than-expected beer demand following the transition to endemicity coupled with higher average selling price (ASP). ....
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. 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. ....
KUALA LUMPUR (May 19): Stocks on Bursa Malaysia got off to a lacklustre start on Thursday (May 19), tracking the overnight rout at Wall Street. At 9.01am, the FBM KLCI fell 6.71 points to 1,548.2. The top losers included Nestle (Malaysia) Bhd, Malaysian Pacific Industries Bhd, Batu Kawan Bhd, Carlsberg Brewery Malaysia Bhd, Petronas Dagangan Bhd, Vitrox Corp Bhd, Hengyuan Refining Company Bhd, Press Metal Aluminium Holdings Bhd and Kuala Lumpur Kepong Bhd. ....
KUALA LUMPUR (Feb 26): The main index at Bursa Malaysia pared some of its loss at the midday break Friday, against the backdrop of skidding regional markets, while technology-related stocks on Bursa Malaysia came under selling pressure. The fate of technology stocks mirrored the overnight performance at Wall Street where tech darlings all suffered, with Apple Inc, Tesla Inc, Amazon.com Inc, NVIDIA Corp and Microsoft Corp the biggest drags. At 12.30pm, the FBM KLCI was down 3.78 points to 1,577.76. The index had earlier slipped to a low of 1,577.53. Market breadth was negative with 617 losers and 202 gainers, while 716 counters traded unchanged. Trading volume was 6.04 billion shares valued at RM3.29 billion. ....
The main index at Bursa Malaysia rose 1.04% at the midday break today, tracking the jump at regional markets, as Petroliam Nasional Bhd (Petronas)-linked stocks led the gains. ....