Home Blog Page 848

Heineken Malaysia Berhad Reports 1QFY21 Financial Results

  • Revenue increased by 6.2% to RM547.7 million (1QFY20: RM515.8 million)
  • Profit Before Tax (PBT) rose by 29.1% to RM96.6 million (1QFY20: RM74.8 million)
  • Net profit increased by 29.1% to RM73.5 million (1QFY20: RM56.9 million)

20 May 2021 – Heineken Malaysia Berhad (HEINEKEN Malaysia) announced its financial results for the first quarter ended 31 March 2021 (1QFY21), reporting an increase in revenue, profit before tax (PBT), and net profit compared with the same quarter in 2020.

Group revenue for 1QFY21 grew by 6.2% to RM547.7 million compared to the same quarter last year, mainly due to the gradual adaptation by businesses and consumers to the new normal, easing of restrictions in March 2021 and effective execution of various campaigns. In comparison, the improved performance in 1QFY21 versus 1QFY20 is also attributed to the first MCO which required the Group to fully suspend operations from 18 March 2020.

Group PBT for the quarter increased by 29.1% to RM96.6 million, mainly driven by revenue growth, as well as effective revenue and cost management including deferment of commercial cost. Restrictions on social activities and compliance to Government Standard Operating Procedures (“SOPs”) had also resulted in subdued commercial activations thus resulting in further cost savings.

Commenting on the results, Roland Bala, Managing Director of HEINEKEN Malaysia said, “In spite of the mounting challenges brought on by the Covid-19 pandemic, we thank our employees, as well as our customers and consumers for their resilience that enabled us to improve our performance for the first quarter of 2021. With the introduction of MCO 3.0 in May 2021 and rising commodity prices, the business environment will continue to be very challenging. We will continue to navigate this crisis by adapting to the new market reality, ensuring the safety of our
people, keeping a tight rein on cost and staying focused on our strategy to accelerate our business recovery.

In the first quarter, the brewer of world-class brands continued to deliver exceptional experience to its consumer through various activations including Tiger Beer’s “Bring on the ONG” Chinese
New Year campaign – offering consumers with attractive promotions and giveaways throughout the festive period. In March, Heineken® introduced Malaysian consumers to the Heineken® 0.0 Dry March campaign by encouraging them to adopt a more balanced lifestyle. Throughout the St. Patrick’s Month in March, Guinness also offered Malaysian consumers with exciting ways to make up for some of their missed occasions in the past year with the Guinness St. Patrick’s Celebration Kits.

Reflecting its Brew A Better World sustainability strategy, HEINEKEN Malaysia participated in Earth Hour 2021, turning off non-essential lights at the Sungei Way Brewery as a symbolic reminder to put sustainability at the core. Since 2014, HEINEKEN Malaysia has cut carbon emissions in production by 15.2%, reduced electricity consumption by 10%, decreased thermal energy consumption by 21%, and increased usage of renewable biogas by 90%. Additionally, the brewer has practiced zero waste to landfill since 2017, ensuring all by-product waste from production are recycled. In 2020, through its water stewardship initiatives, HEINEKEN Malaysia balanced more than 100% of water used in its products.

On the outlook, Roland said, “We remain cautious as the Covid-19 pandemic persists, with the imposition of another nationwide MCO from May 2021 and continued restrictions on social activities expected to impact businesses. While the Group is hopeful that the National Immunisation Programme would foster gradual market recovery, the intermittent lockdowns and restrictive measures in the medium term is expected to dampen our recovery momentum. Overall, the business environment will remain challenging for the rest of 2021. We remain committed in delivering our priorities for 2021 with increased focus on safety of our people, right sizing our organisation and cost base, accelerate our digital agenda and leverage our strong business fundamentals. ”

“The safety, health, and wellbeing of our people remain our top priority and we will continue to implement safety and health SOPs to ensure they are protected at all times. The recent rise in Covid-19 cases is a concern but we remain confident that we will continue to weather this storm with the strong support of our people, customers and consumers,” he concluded.

 

Empowering Everyday Malaysian Women for a Better Living, Happier Families

Two Senior Cody Managers (SCM) share their life-changing journeys

As Hari Raya and Mother’s Day takes place this May, let’s spare a thought for everyday Malaysians; especially the hardworking women across the country making Malaysia a better place one day at a time. Many of them somehow manage full-time jobs plus their roles as mothers, wives and daughters, doing their best to provide for their families.

The struggles of a Malaysian woman are real, especially for single mothers or those with families and little children to care for. Their to-do list never ends, as they juggle a work-life balance to make ends meet. The challenging economy in Malaysia makes it harder for some women to earn a steady income, which is crucial for survival. Sadly, many women still face various obstacles in the working world to date.

Introducing the Coway Ladies, better known as Codys. There are no shortcuts in life and for the Codys, the harder they work, the higher the rewards − limited only by their own capabilities. The Cody women specialise in servicing products at customers’ homes and this is just the first step towards climbing up the Coway career ladder.

Coway believes in providing equal opportunities for all women and it is striving to empower thousands of Malaysian women to have a professional career and stable income − creating a platform for Codys to manage their own time with flexible work hours while striking a balance between work and family.

Coway’s “Change Your Life” Brand Campaign not only seeks innovative, affordable solutions for its customers. It also focuses on job creation by empowering more women to join the workforce through their Cody initiative. With over 20,000 employees nationwide, more than half comprise of women, further proving Coway’s unwavering dedication when it comes to valuing women in their workforce.

Codys are valuable assets to Coway, as their heartfelt service is one of the main reasons why existing customers stay on and new customers come on board. Let us have a look at the compelling journeys of Senior Cody Manager (SCM) Nurulasmaa binti Kamarulzaman and SCM Nadiyah binti Abdullah as they share how they started their careers as a Cody − CHANGING their lives for the better.

Coway – SCM Nurulasmaa binti Kamarulzaman

For Nurulasmaa, she worked her way up since she joined the Alor Setar branch as a Cody back in 2012. “In the nine years that I’ve worked with Coway, I’ve never regretted my decision to join because of the high salary. The more I worked, the more I earned and there is no limit. It’s like Coway handed me a blank cheque to fill in the amount every month. I went from zero to becoming a hero for my family now,” she said and added that customers were also impressed when she changed her car or bought a new house.

The 32-year-old mother of three, with another baby on the way, said that Coway’s attractive work scheme and high incentives pushed her further in her career and she managed to achieve more than she thought was possible. “Back when I was a Cody, in a month, I could earn between RM10,000 to RM15,000 if I hit all my monthly targets in sales and servicing,” said Nurulasmaa.

“If we really focus on the job and make plans at the start of the month, there is nothing that we cannot achieve. Now as a senior manager, it’s my responsibility to guide and encourage the Codys under me to strive for more,” said Nurulasmaa, who has promoted three of her Codys to become managers recently.

Nurulasmaa herself was promoted to Cody Manager in 2016 after being a Cody for more than three years at the Shah Alam branch. She was then promoted to SCM in March 2020 and is now based in Kajang. She has also bagged 15 awards for best performance and productivity and went on seven incentive trips over the years, namely to Italy, Japan, Korea and Shanghai.

Upon graduation with a Bachelor’s Degree in Electronic Engineering, she decided to join Coway as a Cody. “Being a Cody is a very rewarding career in itself, not just because of the money but because of the customers I serve. I’ve been invited to birthday parties and Hari Raya functions. An aunty even taught me how to cook and I also helped some older aunties buy groceries. The bond formed is very valuable to me and it’s something that money can’t buy,” she said and added that she also takes the opportunity to recommend new products to them during the bonding sessions.

Coway – SCM Nadiyah binti Abdullah

Fellow SCM Nadiyah binti Abdullah also expressed her pride as a Cody, especially when donning the blue uniform to work.

“I feel like an air-stewardess on land whenever I put on the uniform because like the flight attendant, we give the best service on land. With the uniform on, people also recognise me everywhere I go. When sitting at a café, people come up to me asking about Coway products,” said the mother of two, with her third baby on the way.

The 34-year-old who graduated with an MBA in Marketing and degree in Business Administration (Marketing) said that her motto in Coway is ‘Work Hard, Play Hard’. When she joined back in February 2015, she gave herself three years to become a Cody Manager and she succeeded before becoming a SCM in March 2021.

As a Cody, she feels empowered and confident as this respectable profession gives her a sense of belonging in the working world and at the same time freedom to grow without having to sacrifice family time.

“Cody women must be tough and strong as we are always out and about. I’ve gotten yelled at by customers before but once I learned how to manage them, being a Cody is the best thing that has ever happened to me. There is no turning back,” she said.

Nadiyah urges more women to become Codys. No academic papers needed as you only need the heart to serve and commitment to learn. Time is also flexible − suitable even for single mothers who have a lot to juggle with in a day.

“Even with a limited education level, you can go far in this career because Coway does not look at your academic qualifications but at what you can offer,” she said and cited how this friend of hers − who is a single mother and could barely afford much or save money with her factory job of ten years − improved her life by leaps and bounds since she became a Cody six years ago.

She added that Coway is also very protective of its Codys as this job requires them to visit customers’ houses. If they do not feel safe entering certain premises, a male service technician (ST) will be assigned instead. “Coway always deals with such situations professionally to ensure we are safe. We must awaken our own ‘spidey sense’ to protect ourselves from harm when we are out there,” she said.

A woman’s role in the working world has changed tremendously and has made a great impact in our society. So, as we celebrate Hari Raya and honour our mothers this month, let us reflect and salute inspirational women who are leaders in their professions. They inspire and encourage more women to be part of the workforce − giving them a chance to improve their lives. There is no doubt that women can be successful, strong and independent too!

Vinamilk Susu now with special animation characters

Image by Vinamilk

Vinamilk has added special animation characters on its Susu range of UHT drinking yogurt as it revamped the packaging. We have seen NutiFood launching its new NutiMilk NuVi flavoured UHT milk supporting by the creation of a new animation series.

Vinamilk is doing the same to use animation and its special characters to appeal to young children.

Vinamilk Susu is fortified with vitamin A for brighter eyes as well as vitamin B6, B12 and soluble fiber.

 

KFC Singapore launches KFC Popsicle in BBQ Cheese and Mala flavours

Image by KFC Singapore

KFC Singapore has launched KFC Popsicle described as a “perfectly marinated chicken fillet fried to perfection and served on sticks for easy consumption.”

There are two fun flavours to choose from BBQ Cheese drizzled with smoky chipotle BBQ sauce and topped with crunchy cheese sprinkle or Mala that’s coated with mala sauce and topped with crunchy mala sprinkle.

The use of skewer can be popularised further especially in processed meat to provide convenience and hygiene when eating.

Woowa Brothers Inject $1.5m into iPrice Group, Bolstering its Position as SEA’s Leading Online Shopping Companion

Southeast Asia’s (SEA) leading online shopping companion, iPrice Group, announced today it raised US$1.5 million from South Korea-based food tech company, Woowa Brothers. This is the second funding received by the region’s top e-commerce aggregator amidst the global pandemic as it works towards a Series C funding round.

Woowa Brothers, attracted by the huge growth potential in the SEA digital sector, has been striking start-up investments in the region since 2019. With an interest to participate in the fast-growing e-commerce sector, Woowa decided to fund iPrice given its robust performance and unique position in the industry as a preeminent e-commerce aggregator platform.

“As the SEA’s e-commerce market develops, the competition among e-commerce platforms is intensifying, and the number of sellers is increasing. We believe that iPrice’s role of helping users find the right platform and save money will continue to be vital to the region,” said Woowa Senior Investment Associate Joshua Dhong.

iPrice is on a mission to bring a greater level of transparency, convenience, and trust to consumers in SEA to help consumers save money. Instead of going through multiple marketplaces to find the best deal, users can instantly access six (6) billion offers from more than two (2) million sellers on a single platform. They can save money by comparing products, prices, sellers’ reputation, and delivery conditions all in one place.

User preferences have evolved over the last years, today they expect seamless shopping experiences through platforms they’re engaged in. “Consumers increasingly expect shopping experiences embedded in their phones – be it in various apps or even in the native camera apps for visual shopping, ” said iPrice Group Chief Executive Officer Paul Brown-Kenyon. Continuing, “we therefore built a product to bring e-commerce to those places, becoming the prime partner for leading platforms and super apps in the region.”

Currently, iPrice has successful partnerships with the likes of Home Credit (Indonesia), Thairath (Thailand), GoRewards (Philippines), Boost (Malaysia), ViSenze (Singapore), or for example SmartPay (Vietnam).

Given Woowa Brothers and Foodpanda are both part of a Germany-based online food-delivery service Delivery Hero, the door is left open for additional partnership opportunities between the two organizations and iPrice in the future although any form of partnership was not part of this investment.

With this funding in place, iPrice is working towards a Series C funding round. The Malaysian-based company will utilise this to refine further its product and accelerate the rollout of partnerships.

CPF launches plant-based “MEAT ZERO”

Tuesday 18 May 2021 – Charoen Pokphand Foods PLC (CPF) unveils “MEAT ZERO”, the meat that is made from plants and manufactured to feel, taste, and appear like real meat thanks to “PLANT-TEC” innovation. The new product, expected to appeal to health-conscious consumers, is affordable and available as ready-to-cook material and ready-to-eat menu through 7-Eleven and modern trade outlets across Thailand.

Under the goal to attain the top alternative meat brand in Asia within 2022 and the world’s top 3 within 2026, “MEAT ZERO” will simultaneously penetrate markets in Asia, Europe and the United States, taking advantage of CPF’s customer base worldwide.

Advanced innovation
As plant-based meats are gaining popularity across the globe, CPF, a leading agro-industrial and food business operator in Thailand and worldwide, has been inspired to throw huge supports on the research and development of alternative meats for more than 2 years. In collaboration with world-renowned experts from the United States, Japan and Taiwan as well as food scientists of Chulalongkorn University and Mae Fah Luang University, CPF RD Center eventually discovered the “PLANT-TEC” innovation that creates the perfect texture, taste, smell and feel of real meat.

Mr. Prasit Boondoungprasert, chief executive officer of CPF, said that the success is echoed by a sample group’s confirmation that “MEAT ZERO” delivers the texture and taste of real meat.

“MEAT ZER0″ is as tasty as real meat and consumers are barely able to tell if they are eating plants or real meats thanks to the outstanding achievement of CPF RD Center which has worked closely with the world’s leading research houses. We’re proud of this innovation and confident that our product will be warmly received by consumers in Thailand and overseas,” Mr. Prasit said.

Satisfying answer to various consumer groups
“MEAT ZER0” contains health nutritions from high fiber plant-based protein, which is good for intestine and bowel, and low cholesterol. Meanwhile, it aims to satisfy consumers who are cutting down meat consumption. As such, it is a recommended option for various consumer groups, whether they are seeking ways to stay more healthy or to reduce impacts on animals.

“Consumers have become more health-conscious. Some opt to control food intakes while others are losing weight. Some avoid meats on birthdays. Others turn to veggie food when they can, better known as flexitarians. Demand for meatless food options has consequently been skyrocketing. However, the options are pricey and quite difficult to find. “MEAT ZERO” is the answer. It is accessible in terms of pricing and marketing channels. We expect to achieve a billion-baht revenue within the next few years.”

“MEAT ZERO” is priced relatively close to real meat. It is available as ready-to-eat food, with popular menus like plant-based bologna sausage, pork burger, rice with stir-fried meat with basil and spaghetti with chopped meat. All are in the price range of Bt35-Bt45. Consumers can also buy uncooked meat products like plant-based chicken nuggets, plant-based minced pork, and plant-based crispy pork, all priced at Bt69. The items will be available at 7-Eleven, Makro, Lotus and modern trade outlets across the country. Famous actor Naphat Siangsomboon has agreed to be the first presenter of “MEAT ZERO”, who will promote the slogan of “Start now to change the world”.

Penetrate export markets, to become the world’s top 3
Vegans and flexitarians are numbered about 29% of global population. With a world-wide customer base, CPF will use it as the springboard to market “MEAT ZERO” in Asia, Europe and the United States. Asia will be first to be penetrated in 2021. The distribution in Europe and the United States, will start later on.

CPF is confident that “MEAT ZERO” will be the best-selling alternative meat brand in Asia and the top 3 in the world within 3-5 years.

“”MEAT ZER0″ will be the world’s top 3 alternative meat brand within 3-5 years. Meanwhile, CPF will pursue the path to become a full-fledged food tech company that responds to the food needs of all consumer groups,” Mr. Prasit concluded.

Carlsberg Malaysia reports solid Q-o-Q Growth in Q1FY21, with Revenue up circa 13% and Net Profit up 75%

SHAH ALAM, 18 May 2021 – Carlsberg Brewery Malaysia Berhad (the Group) reported a net profit of RM66.5 million, an increase of 75.1% on the back of revenue growth of 12.6% to RM532.0 million for the quarter ended 31 March 2021 (Q1FY21) against the preceding quarter ended 31 December 2020 (Q4FY20). This solid quarter-on-quarter (Q-o-Q) growth was mainly driven by the Chinese New Year (CNY) sales and business recovery in both Malaysia and Singapore with the easing of COVID-19 pandemic control measures.

The Group’s profit from operations increased by 79.5% to RM83.0 million for Q1FY21 versus Q4FY20 due to higher revenues in both operations, the absence of one-off restructuring costs of RM9.9 million as well as lower marketing spend and administration expenditures.

Against the same quarter last year (Q1FY20), the Group’s revenue was lower by 9.8% whilst net profit was down 8.9%. In Q1FY21, the Movement Control Order (MCO) imposed in several states in Malaysia from 13 January to 18 February (MCO 2.0) impacted the on-trade consumption, consumer-facing promotional activities and sampling events causing weaker CNY sales. Comparatively, in 2020, with MCO 1.0 imposed from 18th March 2020, the Group managed to sell significant stock ahead of the lockdown hence the impact on its Q1FY20 performance was relatively minimal.

On the other hand, the Group’s Singapore operations improved its sales and profitability with higher CNY sales and the continued growth of premium brands in off-trade and e-commerce as the country transitioned to Phase 3 of the nation’s ‘reopening’ plans with over 1 million COVID-19 vaccine doses administered.

For the quarter under review, the Group’s profit from operations declined by 9.8% to RM83.0 million against the same quarter last year due to lower sales in Malaysia partially mitigated by higher sales in Singapore and lower operational costs.

The Malaysian operations saw a decline in revenue by 19.9% to RM356.5 million and a lower profit from operations of 16.4% to RM62.1 million for Q1FY21 versus Q1FY20 due to the aforementioned impacts of the imposition of MCO 2.0. In the same comparable period, the Singapore operations grew revenue by 21.4% to RM175.5 million whilst its profit from operations increased by 18.0% to RM20.9 million, driven by higher sales through CNY and premiumisation.

In Sri Lanka, the Group registered a lower share of profit of RM4.0 million for Q1FY21 compared to a share of profit of RM5.1 million in Q1FY20 from its associated company Lion Brewery (Ceylon) PLC (LBCP). The lower profit was due to the impairment of LBCP’s Miller brands amounting to RM2.3 million.

The Group’s earnings per share for Q1FY21 was 21.73 sen, a decline of 8.9% compared with 23.86 sen for Q1FY20.

Stefano Clini 葛利尼, MD, Carlsberg Malaysia

Managing Director Stefano Clini commented, “Our Q1FY21 performance, although a significant improvement Q-o-Q, was impacted by MCO 2.0 in Malaysia. As in 2020, our top priorities remain the health and wellbeing of our employees, supporting our customers to the best of our ability and safeguarding the financial health of the business.”

“Innovation and digitalisation continue to be key growth drivers while we remain disciplined in implementing our ‘Fund the Journey’ initiatives as we navigate through the pandemic. We launched two brands, Tuborg Strong in Singapore and Somersby Watermelon cider in Malaysia, in February and March respectively,” Clini said.

He shared: “Our premium draught stout Connor’s, was made available in cans with double-dosed nitrogen before canning to maintain its iconic smooth head and fine cascading effect when freshly poured, is a brand-new innovation in the stout category. This will enable the brand to penetrate the off-trade sector and e-commerce, which have both recorded significant growth amid pandemic movement control measures. Carlsberg Smooth Draught has been relaunched with a refreshed look and feel in packaging and with pull-off “Fresh Cap” for its bottles to keep beers fresher for longer. As of May, Carlsberg Smooth Draught is also available on tap for a better drinking experience. In addition, we also launched our first-of-its-kind Harvest Festival limited-edition cans across a two-month consumer promotion to add to the festive spirit of Sabahan and Sarawakian consumers amid the pandemic”

Expressing reservations over the outlook, Clini said, “Uncertainty remains high. This is evident with the resurgence of COVID-19 cases that led to re-imposition of lockdowns in both Malaysia and Singapore with tightened safety measures, no dining-in for on-trade sector and work-from home arrangements resumed for non-essential employees. While we are pleased of the progress of COVID-19 vaccination programs in both countries, we are cautious over the uncertainties relating to the pandemic, further government actions, and other macroeconomic developments.

Under the current circumstances where the business outlook has deteriorated following the lockdowns, the Board will continue to suspend its review of a dividend policy for 2021 until later in the year when hopefully these uncertainties will ease, and the conditions become clearer. As communicated in the Company’s 51st Annual General Meeting last month, the Board aims to prioritise business sustainability, to strike a balance of preserving cash and liquidity while still delivering shareholder value.

“We also hope that the Malaysian authorities will continue to extend support to the beer industry in combating contraband. We would like to appeal to the Government to expedite the COVID-19 immunisation plan for the manufacturing and related services as it would help to flatten the curve and support the government’s goals in achieving herd immunity,” concluded Clini.

 

Birdy 3in1 launches new “Rich Latte” beverage with healthiness front-of-mind

18 MAY 2021 – Birdy 3in1 has introduced a new line of ready-made coffee beverages, “Rich Latte”, offering an optimum combination of coffee and creamy taste. Hitting screens in a new TV commercial (TVC) campaign, the new Birdy 3in1 retains the same presenter, “Bella Ranee”, enjoining everyone to enjoy the well-balanced latte coffee as a perfect way to kick-start every day.

Nowadays, healthiness is a huge trend in Thailand. Thai people are increasingly interested in healthy products, leading to the launch of lots of products with a less-sweet and less-sugary concept.

With this in mind, Ajinomoto Co., (Thailand) Ltd. developed “Birdy 3in1 Rich Latte”, a latte coffee drink with an irresistible combination of coffee and creaminess. The formula makes for a well-balanced mellow taste but with 25% less sugar compared to Birdy 3in1 Super Creamy, thereby meeting contemporary consumers’ preferences.

Last year, Birdy 3in1 Espresso with 25% less sugar was launched to a very positive reception.

Ajinomoto Co., (Thailand) Ltd. is intent on promoting “healthy living society” and being a healthy choice for consumers. The company seeks to improve quality of life in accordance with its Ajinomoto Group Creating Shared Values (ASV).

The new TVC campaign for Birdy 3in1 Rich Latte, presented by “Bella Ranee”, vibrantly introduces consumers to the well-balanced milky and creamy coffee in latte style.

New Rich Latte “Birdy 3in1” is available now at convenience stores and supermarkets nationwide.

Stay up-to-date with the latest breaks at Birdy’s Facebook fanpage ‘Birdy World’.

Halls Salt now at 7-Eleven Singapore

Image by 7-Eleven Singapore

Halls Salt, popularly sold in Thailand, is now available in 7-Eleven outlets in Singapore. The candy comes with the perfect pairing of fruit and salt that gives you the cooling benefit and popular fruity flavour.

Halls Salt is available in two flavours Watermelon mixed with salt and Lemon lime mixed with salt.

KITKAT Chocobanana is now available in Singapore

The new KITKAT Chocobanana is now available in Singapore and is for a limited time only in 7-Eleven stores.

From 12 May to 6 July 2021, purchase KITKAT at any 7-11 store and stand a chance to win attractive prizes for 53 lucky winners:

Step 1: Purchase 2 x KITKAT® 4F, including at least 1 KITKAT® Chocobanana 4F

Step 2: Proceed to https://conceptalliance.com/kitkat/

Step 3: Upload a photo of the original receipt of your purchase and fill up entry form

Step 4: Winners will be notified by email by 29 July 2021.

Terms and conditions apply. Visit KitKat SG Facebook for more details. #HaveaBreakHaveaKitKat

HOT NEWS

Rain or Shine, enjoy a POKKA drink!

0
The start of this year has been filled with unpredictable weather. With it raining one day and shining the next, it can lead to...

MUST READ

Koppiku brings festive cheers with new Brown Butter Series

0
Koppiku is serving the new Brown Butter Series to celebrate this festive season. The new series is crafted to brew warmth and joy in...