Heineken Malaysia's prospects remain robust

JAKARTA: The body of AM, a 13-year-old boy who was allegedly beaten to death by police officers in early June in Padang, West Sumatra, will be exhumed on Thursday (Aug 8), following the issuance of a permit from the police earlier this week.

shares climbed in early trade Thursday following an earnings report that matched analysts' expectations.

In the first six months, its net profit rose to RM213.6mil from RM204.4mil and revenue rose to RM1.35bil from RM1.31bil a year prior.Hong Leong Investment Bank Research said Heineken’s 2Q24 core net profit of RM91.1mil brought 6MFY24 core earnings to RM213.6mil. “Going into 2H24, we expect this trend to continue, supported by a gradual improvement in labour market conditions and a continued influx of tourist arrivals. The appreciation of the ringgit against the US dollar should also help alleviate Heineken’s cost pressures,” it added.

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