CIMB Equities Research is retaining its Overweight stance on the brewers as the recent increase in excise duty will not negatively impact the earnings of GAB and Carlsberg significantly.
Guinness Anchor Berhad (GAB) today expressed concern that a hike in excise duties for beer and stout may drive up demand for illicit alcohol.
Consumers will now have to pay more for beers with a higher alcohol content. There will be no cheers from drinkers now that a revised excise duty, calculated according to the alcohol level in beverages, has been introduced.
There will be little cause to say “cheers” for the 3.5 million drinkers in the country if the Government decides to review the alcohol tax next month.
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Chinese New Year celebrations kicked off with a cheer for the Star Media Group Bhd (formerly known as Star Publications (M) Bhd) management and staff as Carlsberg Malaysia visited Menara Star in Section 16, Petaling Jaya.
Thailand&Vietnam. Singha transferred $650 million for purchasing shares of Masan Consumer and Masan Brewery Holdings
Within the framework of the previously signed agreement, on January 28 Singha Asia Holding transferred $650 million of investment for purchasing shares of Masan Group. Of this, $600 million were transferred to pay 14.3% of the shares of Masan Consumer … Continue reading
The government is considering increasing the duties on alcoholic beverages before the Chinese New Year. According to a report in Sin Chew Daily yesterday, a 10% hike is expected in the duties for liquor and other alcoholic drinks.