Sanford Bernstein analyst Trevor Stirling warns not to place too much emphasis on the rosy...

|By:, SA News Editor

Sanford Bernstein analyst Trevor Stirling warns not to place too much emphasis on the rosy forecasts of global brewers that think they can move into emerging markets and transform billions into beer drinkers. Regulation, taxes, and labor requirements stand in the way, as does firmly engrained religious dogma. "You have a reasonably high proportion of a Muslim population who won’t drink alcohol...Also, if you’re a devout Hindu, you won’t drink alcohol."