KUALA LUMPUR: Maybank Investment Bank (IB) Research is Neutral on the Malaysian consumer sector but is positive on the brewers, Carlsberg Brewery Malaysia Bhd (Carlsberg) and Heineken Malaysia Bhd (Heineken). For Carlsberg, Maybank Research maintained its Buy call and earnings forecast and it raised its target price to RM14.70 from RM14.20. “In the near term, 7-Eleven Malaysia would have to make some price adjustments on merchandise to help cushion the impact. “Malaysia’s excise taxes now account for about 50% of retail price and this suggests upside for more excise taxes. It also maintained its Buy call and earnings forecast for Heineken but raised its target price to RM17.50 from RM15.20.

Source: The Star July 08, 2016 02:03 UTC