|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||2.24 - 2.28|
|52-week range||2.11 - 2.66|
|PE ratio (TTM)||2.51|
|Earnings date||8 May 2018|
|Forward dividend & yield||0.04 (2.01%)|
|1y target est||2.63|
Vinamilk pushed the dairies business' profit up 28.1% to $50.5m. Fraser & Neave (F&N) brought home the bacon in Q1 as its profits jumped 16.3% YoY from $22.44m to $26.09m in Q1. In Singapore, certain soft drinks segments were also negatively affected by campaigns against diabetes, whilst sales in new markets were impacted by challenges faced in the route-to-market.
The potential exercise could involve swapping its 28% stake in FCL for a 60% stake in F&N. Thai Beverage Public Company Limited (ThaiBev) previously guided that the long-awaited swap to consolidate Thai conglomerate TCC's stake in Fraser & Neave (F&N) under ThaiBev would be completed by the end of 2017.
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%.