Heineken Malaysia Likely to Gain From Singapore Production Shift -- Market Talk

Dow Jones03-25 09:24

0124 GMT - Heineken Malaysia could see mid-term earnings support after its parent company Heineken NV plans to scale down production at its Singapore brewery and shift output to Malaysia and Vietnam, TA Securities analyst Liew Yi Jiet says in a note. The move could expand Heineken Malaysia's export footprint in Singapore and the broader Asia-Pacific, providing gradual earnings support through end-2027, he says. Based on Liew's assumptions that 60% of Singapore-bound exports are fulfilled by Heineken Malaysia, this could translate into estimated revenue gains of 344.7 million ringgit in 2027 and 360.4 million ringgit in 2028. TA Securities maintains a buy rating on Heineken Malaysia and keeps its target price unchanged at 25.80 ringgit. Shares are 1.3% higher at 22.48 ringgit. (yingxian.wong@wsj.com)

 

(END) Dow Jones Newswires

March 24, 2026 21:24 ET (01:24 GMT)

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