$HEIM / 3255 (HEINEKEN MALAYSIA BERHAD)
Research by TA
Buy – TP RM29.20

“Great Start for FY24"

Reiterate Buy on Heineken with a revised target price of RM29.20/share (previously: RM28.60) post the earnings adjustment and rolling forward our DCF valuation (k: 7.7%, g: 3.0%).

Analyst:
Liew Yi Jiet
yjliew@ta.com.my