Heineken Malaysia Berhad Slower Sips in 2Q ► TA SECURITIES A MEMBER OF THE TA GROUP RESULTS UPDATE Monday, August 18, 2025 FBMKLCI: 1,576.34 Sector: Consumer THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* Heineken Malaysia Berhad Slower Sips in 2Q TP: RM27.40 (+18.1%) Last Traded: RM23.20 BUY (ESG: ★★★★) www.taonline.com.my Liew Yi Jiet Tel:…
Heineken Malaysia – Results Review: 2QFY25 Heineken Malaysia – Results Review: 2QFY25 Hong Leong Investment Bank HLIB Research PP 9484/12/2012 (031413) 18 August 2025 Results Review: 2QFY25 Sam Jun Kit jksam@hlib.hongleong.com.my +603-2083 1723 BUY (Maintain) Target Price: RM27.14 Previously: RM35.56 Current Price: RM23.20 Capital upside 16.9% Dividend yield 5.6% Expected total return 22.5% Sector coverage:…
