|Bid||1.7300 x 0|
|Ask||1.7400 x 0|
|Day's range||1.7100 - 1.7500|
|52-week range||1.2500 - 1.8700|
|Beta (5Y monthly)||0.94|
|PE ratio (TTM)||20.60|
|Earnings date||13 Aug 2021|
|Forward dividend & yield||0.08 (4.52%)|
|Ex-dividend date||20 Aug 2021|
|1y target est||N/A|
Flour Mills of Nigeria said on Tuesday it will acquire a majority stake in rival Honeywell Flour Mills with its own cash and some debt and aims to apply for regulatory approval in the next day or so. The pasta maker said it was also looking at opportunities in West African countries, Chief Executive Boye Olusanya told an analyst call, adding that the deal was necessary to defend its market share. On Monday, Flour Mills said it will acquire a total of 77% of Honeywell Flour Mills, sending its smaller rival's shares higher.
Ivory Coast's cocoa board has allocated 161,000 tonnes of international contracts to local exporters this season, half as much as envisaged under a government decree to support local players, the regulator's chief said on Friday. In May, the government ruled that 20% of cocoa purchases by multinational companies should be fulfilled by local firms to improve competition in the world's largest cocoa-exporting economy. "The government wants more nationals integrated into the sales system, but we also need to have serious exporters who want to work," he said.
* Thai baht appreciates over half a percent * S.Korea's won hits lowest since September * Malaysian c.bank cuts 2021 growth forecast By Sameer Manekar Aug 13 (Reuters) - Thailand's baht edged up among mostly muted Asian currencies on Friday, after a short-lived retreat in the dollar this week even as COVID-19 worries capped gains, while South Korea's won fell for a fifth straight session to hit a 10-month low. Most Asian currencies were set to end the week lower, with South Korea's won the top loser and on track to post its worst weekly performance since March last year, while Thai baht was an outlier, gaining more than half a percent.