Hlib Research Sees Strong 3q Beer Sales Recovery, Upgrades Carlsberg, Heineken To ‘hold’

With anticipations of a stronger sales volume recovery on the back of gradual relaxation of the movement control order (MCO) rules, Hong Leong Investment Bank Bhd has upgraded both Carlsberg Brewery Malaysia Bhd and Heineken Malaysia Bhd to “hold” from “sell” calls.


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