Stock Name: F&N
Company Name: FRASER & NEAVE HOLDINGS BHD
Research House: INTER PACIFIC
KUALA LUMPUR: Inter-Pacific Research has reiterated its neutral recommendation on Fraser & Neave Holdings Bhd at RM14.98 with an unchanged target price of RM14.90 and said the company's upside in the long term included the re-development of its 12.7acre factory in Section13, Petaling Jaya with estimated GDV of more than RM1 billion.
Other positives for the company include its dairy product expansion into Laos and Cambodia, and its geographical expansion of their soft drinks division into Thailand and Brunei, said the research house.
Inter-Pacific Research said risks for F&N include (1) rising raw material prices; and (2) constrained setting in Thailand's soft drinks market which might lessen sales.
Company Name: FRASER & NEAVE HOLDINGS BHD
Research House: INTER PACIFIC
KUALA LUMPUR: Inter-Pacific Research has reiterated its neutral recommendation on Fraser & Neave Holdings Bhd at RM14.98 with an unchanged target price of RM14.90 and said the company's upside in the long term included the re-development of its 12.7acre factory in Section13, Petaling Jaya with estimated GDV of more than RM1 billion.
Other positives for the company include its dairy product expansion into Laos and Cambodia, and its geographical expansion of their soft drinks division into Thailand and Brunei, said the research house.
Inter-Pacific Research said risks for F&N include (1) rising raw material prices; and (2) constrained setting in Thailand's soft drinks market which might lessen sales.
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