A clearer picture of underlying beer demand for Malaysian brewers is expected from their 2Q results after 1Q's mixed performances, Hong Leong IB analyst Sam Jun Kit says in a note. Focus is on whether demand holds up amid softer consumer sentiment and potential disruptions to tourism from the Iran conflict, particularly if flight cancellations weigh on visitor arrivals, he says. A boost from the 2026 FIFA World Cup is likely to be less pronounced than in previous tournaments, as matches will be played during less favorable viewing hours for Malaysians, he reckons. Exports to Singapore could be a more important driver of brewers' volume growth in 2H 2026 and into 2027, he adds. Hong Leong maintains an overweight rating on Malaysian brewers, and pegs Heineken Malaysia as its top pick. (yingxian.wong@wsj.com)
Malaysia Brewers Await 2Q Results for Clearer Demand Outlook — Market Talk
Earlier from Heineken Malaysia Bhd
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