Industry News       English French Dutch Spanish German Russian Italian Portuguese Portuguese Danish Greek Romanian Ukrainean Chinese Polish Korean
Logo Slogan_Polish


CASTLE MALTING NEWS in partnership with www.e-malt.com Polish
06 September, 2006



Brewing news Malaysia: Carlsberg and Guinness stocks remain flat despite break in tax hike

Brewery stocks are still flat despite Malaysian government decision not to raise excise tax after 3 consecutive years of hikes. OSK notes Malaysia still has highest tax regime in world after Norway, Dow Jones Newswires released September 04.

Also, breweries will have to absorb incremental costs of security ink marking fee of MYR0.055/stamp implemented since April, which estimated to cost industry MYR30 million/year.

"This is likely to wipe out the gross margin by 1.5% point," says analyst. OSK downgraded Guinness Anchor’s rating to ‘neutral’ from ‘buy’ with MYR6 target; it kept Carlsberg at ‘neutral’ with MYR5.10 target in view of unexciting growth outlook. However, both stocks remain attractive dividend plays with yields around 7%-8%. Carlsberg stays flat at MYR5.05; Guinness remains flat at MYR5.70.





Wstecz



E-malt.com, the global information source for the brewing and malting industry professionals. The bi-weekly E-malt.com Newsletters feature latest industry news, statistics in graphs and tables, world barley and malt prices, and other relevant information. Click here to get full access to E-malt.com. If you are a Castle Malting client, you can get free access to E-malt.com website and publications. Contact us for more information at marketing@castlemalting.com .














We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.     Ok     Nie      Privacy Policy   





(libra 0.8906 sec.)