The Edge Media Group publisher and group CEO Datuk Ho Kay Tat presenting the award for the Highest Return on Equity over Three Years for the Consumers Products & Services sector to Carlsberg Malaysia, represented by managing director Stefano Clini and corporate affairs director Pearl Lai. – Photo by The Edge Media Group
AMID a relentlessly challenging year, Carlsberg Brewery Malaysia Bhd was crowned the top performer with the highest return on equity over three years in the Consumers Products and Services category at the 11th edition of The Edge Billion Ringgit Club (BRC) Awards.
Carlsberg Malaysia has made The Edge BRC’s Top 25 list for 10 consecutive years since 2011 – a year after the awards’ inception – and has been among the best performing listed companies in the past decade. The brewer is one of only two corporate winners in the consumer products and services sector this year.
KUALA LUMPUR (Dec 22): The FBM KLCI ended almost 1% lower today on continued profit taking, as sentiment remained jittery on concern over the resurgence of Covid-19 cases.
The benchmark index stayed in negative territory throughout the trading session. It closed 0.97% or 15.97 points down at 1,631.92 after hitting an intra-day low of 1,625.39.
TA Securities Holdings Bhd senior technical analyst Stephen Soo told theedgemarkets.com that worries over a new strain of Covid-19 in Europe affected market sentiment.
He added that the downtrend was also due to profit taking in recovery play on technology, banking and tourism-related stocks.
On the broader market, 1,046 counters finished lower versus 251 gainers, while 395 others were unchanged.
KUALA LUMPUR (Dec 18): The FBM KLCI slipped 1.31% or 21.86 points today, tracking declines in regional peers, while news of the conditional movement control order being extended weighed on domestic investing sentiment.
The benchmark index settled at 1,652.49, with 852 counters in the negative versus 370 that climbed, while 474 were unchanged.
Senior Minister Datuk Seri Ismail Sabri Yaakob announced today that the CMCO will be extended in Selangor, Kuala Lumpur and Sabah till Dec 31, as Covid-19 infections in these places remain elevated. This is the fourth extension of the CMCO that was first imposed on Oct 14 and originally scheduled to end on Oct 27.
The CMCO was also extended till Dec 31 in Seremban and Port Dickson in Negeri Sembilan, and in Johor Bharu, Batu Pahat and Kulai in Johor.
KUALA LUMPUR (Dec 16): The FBM KLCI extended its gain for the second day running, tracking uptrends in regional bourses thanks to positive market sentiment emanating from the overnight surge on Wall Street and supported by ongoing window-dressing activities as well as Budget 2021 being approved by the Dewan Rakyat yesterday.
At 5pm, the FBM KLCI closed 0.44% or 7.39 points higher at 1,681.41, after moving between 1,679.39 and 1,695.87.
Across Bursa Malaysia today, the sentiment was positive with 830 gainers versus 453 decliners, while 458 counters were unchanged. A total of 11.22 billion securities were traded for RM5.18 billion, higher compared to 9.96 billion units worth RM5.09 billion recorded yesterday.
Reuters reported that Asian stocks were buoyant on Wednesday and the US dollar eased as hopes of effective coronavirus vaccines and the growing prospect of more US fiscal stimulus cheered investors ahead of the Christmas holiday season.
KUALA LUMPUR (Dec 16): Carlsberg Brewery Malaysia Bhd and Heineken Malaysia Bhd emerged among the top gainers on Bursa Malaysia as investors bet on their recovery.
Carlsberg, the third top gainer this morning, climbed as high as 96 sen or 4% to RM24.92. At 10.06am, the counter had pared some gains at RM24.40, still up by 44 sen or 1.84%.
Heinekan also rose as much as 60 sen or 2.62% to RM23.48, making it the fourth top gainer. At 10.07am, the counter had pared some gains at RM23.28, still higher by 40 sen or 1.75%.
CGS-CIMB Research analyst Walter Aw said in a note today it had upgraded the brewery sector to neutral from an underweight rating previously, with him believing the worst is over for the sector.