|Bid||2.50 x 0|
|Ask||2.56 x 0|
|Day's range||2.54 - 2.56|
|52-week range||2.03 - 2.59|
|PE ratio (TTM)||2.80|
|Earnings date||8 Nov 2017|
|Dividend & yield||0.03 (1.77%)|
|1y target est||2.53|
Every one of us has our go-to drink and often times we build some habits around them. For example, many working adults do not start their day until they have had their hot cup of coffee.
It’s crumbling under competition pressure in home markets. Fraser and Neave (F&N)'s beverage segment failed to spark a turnaround in the past quarter as it continues to be weak. According to DBS Group ...
If ThaiBev is looking to expand its business outside Thailand, it should really consider using Fraser & Neave (F&N) as a vehicle to boost its market share. "Instead, we believe ThaiBev will only increase its stake in FNN when opportune, such as when FNN undertakes an equity fund-raising exercise, as and when it requires additional capital for expansion," analyst Andy Sim said.
Thailand's mourning period still affected company performance. ThaiBev posted a 15% YoY rise in net profit to $278.4m (THB6.8b), whilst revenue stood at $1.9b (THB45.3b). Headline net profit rose to $626.2m ...
Its F&B segment grew 44% to $85.2m. Fraser and Neave Limited reported a 60% increase in net profits to $60.7m in Q3. According to the group, including the exceptional items of $1.2b arising from the realisation ...
The group is restructuring its 28% stake in both F&N and FCL. ThaiBev is set to divest its stake in FCL for a bigger stake in F&N, and analysts are seeing this a positive move by the F&B firm. To recall, the market had long been expecting a corporate restructuring of Thaibev’s 28% stake in both F&N and FCL.
From Yahoo!: The FTSE ST Real Estate Investment Trusts Index has climbed some 10% year-to-date amid a challenging macro-economic environment. “We expect buying interest for S-REITs will continue in the immediate term, driven by high yield spread of 4.4%, and attractiveness from the continued strength of the Singapore dollar,” says DBS lead analyst Derek Tan in a Monday report. From PropertyGuru: Bidadari, once known for its cemetery grounds is in the process of being transformed into a new HDB town.
Fraser and Neave suffered another headache with its printing and publishing business after it continued recorded revenue declines in the first quarter. According to DBS, the segment posted a 4.5% YoY decline in revenue to $66m, due to lower retail orders in Book and Magazine distribution, coupled with higher market returns.
Almost half of F&N’s FY16 net profit was also from this firm. According to RHB Research, since December 2016, F&N has deployed a substantial part of its war chest to increase its stake in Vietnam Dairy Products JSC, also commonly known as Vinamilk. F&N has spent ~S$850m to raise its stake in the Vietnamese dairy company to 17.7% from 11%.
Fraser and Neave Limited recorded a revenue of $495m for the past quarter ending in December, up slightly by 0.2% from $493.8m. This increase was mainly attributed to the contribution from the vending business which was acquired in July 2016, as well as revenue growth in Dairies Thailand and New Markets of Myanmar and Vietnam. Coupled with continued brand investment costs in new markets of Indonesia, Myanmar, Thailand and Vietnam, and negative foreign exchange effects, F&N’s net profit recorded a 15.3% downfall to $40.5m.
It will be buying Penguin's units in Singapore and Malaysia. Singapore beverage and publishing conglomerate Fraser & Neave is the track to buying the Singapore and Malaysian distribution arms of international book publisher Penguin Random House, a company incorporated in the United Kingdom. F&N is targeting to buy the two units for $8m, which will be payable in cash and will be funded from internal resources.