Analysts Upbeat On Heineken Malaysia's Solid 3Q Performance, Higher Targets Set
Analysts Upbeat On Heineken Malaysia's Solid 3Q Performance, Higher Targets Set
RHB Research anticipates continued sales growth in the final quarter for Heineken Malaysia, supported by an earlier Lunar New Year celebration and a gradual recovery in consumer sentiment. Maybank IB, similarly, expects festive demand and potential savings from currency-driven raw material cost reductions to enhance sales in the fourth quarter and into FY25.
RHB Investment Bank Bhd (RHB Research) and Maybank Investment Bank Bhd (Maybank IB) have reaffirmed their BUY calls for Heineken Malaysia Bhd after the company posted a solid performance for the first nine months of 2024 (9M24).
印度興業投資銀行有限公司（RhB Research）和馬來亞銀行投資銀行有限公司（Maybank IB）重申了對喜力馬來西亞有限公司的買入呼籲，此前該公司公佈了2024年前九個月（9M24）的穩健業績。
The company's 9M24 net profit reached RM326 million, reflecting a 13% increase year-on-year, boosted by a lower effective tax rate and robust sales from premiumised product offerings.
該公司9M24的淨利潤達到32600萬令吉，同比增長13％，這得益於較低的有效稅率和優質產品供應的強勁銷售。
Following an impressive third quarter and positive outlook ahead for Heineken Malaysia, both research houses have revised upward the company's target price to between RM30 and RM30.20 on the basis of favourable operating margin expansion, a lower-than-expected tax rate and promising growth in the premium product segment.
繼第三季度表現令人印象深刻且馬來西亞喜力啤酒展望樂觀之後，兩家研究機構均將公司的目標價格上調至30.20令吉之間，這兩家研究機構都將公司的目標價格上調至30.20令吉之間，這要歸因於良好的營業利潤增長，稅率低於預期，以及高端產品板塊的增長前景。
RHB Research anticipates continued sales growth in the final quarter for Heineken Malaysia, supported by an earlier Lunar New Year celebration and a gradual recovery in consumer sentiment. Maybank IB, similarly, expects festive demand and potential savings from currency-driven raw material cost reductions to enhance sales in the fourth quarter and into FY25.
RhB Research預計，在較早的農曆新年慶祝活動和消費者信心逐漸恢復的支持下，馬來西亞喜力啤酒在最後一個季度的銷售額將持續增長。同樣，Maybank Ib預計，節日需求和貨幣驅動的原材料成本削減可能帶來的節約將促進第四季度和25財年的銷售。
Looking forward, Heineken Malaysia's commitment to its premiumisation strategy and operational efficiencies is expected to sustain its growth trajectory, despite heightened inflationary pressures.
展望未來，儘管通貨膨脹壓力加大，但馬來西亞喜力啤酒對其高端化戰略和運營效率的承諾預計將維持其增長軌跡。
Maybank IB has revised earnings forecasts upwards for FY24-FY26 by 6%-7%, with expectations of consumer disposable income rising in FY25. RHB Research likewise adjusted its earnings estimates for FY24-FY26, supported by the company's attractive valuation and market leadership.
馬來亞銀行已將對 FY24-FY26 的收益預測上調了6％-7％，預計25財年消費者可支配收入將增加。在該公司誘人的估值和市場領導地位的支持下，RhB Research同樣調整了對 FY24-FY26 的收益預期。
譯文內容由第三人軟體翻譯。
