May 9, 2011

F&N - Fraser & Neave cut to 'sell' at Maybank Invt

Stock Name: F&N
Company Name: FRASER & NEAVE HOLDINGS BHD
Research House: MAYBANK

Fraser & Neave Holdings Bhd was cut to “sell” from “hold” at Maybank Investment Bank Bhd, saying valuations of the Malaysian beverage maker shares are “rich.”

The share price estimate was reduced to RM15 from RM15.25, Kang Chun Ee, an analyst at Maybank, wrote in a report today. -- Bloomberg

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