Listed in 1965 on Bursa Malaysia, Heineken Malaysia Berhad is a brewer that carries a number of well-known brands including Heineken, Tiger Beer, Guinness stout, and Anglia shandy.
Recently, a slew of bad news has hit brewers in Malaysia. For example, Heineken’s brewery operations were temporarily suspended during the movement control order (MCO) period. Some members of the public even called for the suspension of all production and sales of alcoholic beverages in Malaysia as road traffic accidents involving drunk drivers have caught the public’s attention recently. The Kuala Lumpur City Hall has also decided to freeze new liquor licence applications in the capital. How would all this affect Heineken Malaysia’s results?
Here are 10 things I learned from the 2020 Heineken Malaysia AGM:
1. Revenue increased 14.3% year-on-year to RM2.3 billion in 2019 because of robust sales across all its products including the newly launched Heineken 0.0 and Tiger Crystal.