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. (more…)
Guinness Anchor Berhad (GAB) today expressed concern that a hike in excise duties for beer and stout may drive up demand for illicit alcohol. (more…)
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. (more…)
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. (more…)
Correct us in the comments if we’re wrong, but in the Quran, the warning is to not drink ‘khamr’. Khamr means any kind of drink or drug that causes intoxication, so that leaves out small amounts of alcohol found in many foods and drinks that we eat every day, such as grapes and tapai. (more…)
Are you ready for the craft beer revolution?
Craft beer may not be making the sort of waves in Malaysia that it is in the United States, but there IS a growing market and demand for craft beers here. Where we used to only get beers from the two major breweries – Guinness Anchor Berhad and Carlsberg Malaysia, there is now a much bigger selection of beers from all over the world available in craft beer outlets such as Taps Beer Bar, The Great Beer Bar, Ales & Lagers, and Messrs Barley, Malt & Hops. (more…)
Someone once told me that you cannot go wrong investing in a company making alcoholic beverages:
When times are good, people celebrate and drink. When times are normal, people socialize and drink. When times are bad, people weep and drink. No matter what, people will drink. (more…)
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. (more…)
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 Holdings (MCH), and the remaining $50 million were for payment of 33% of the shares of Masan Brewery. (more…)
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. (more…)