Stock Name: YHS
Company Name: YEO HIAP SENG (M) BHD
The research arm of AmInvestment Bank started coverage on drinks manufacturer Yeo Hiap Seng Bhd with a "buy" call and a target price of RM3.90 (US$1.24) per share thanks to its expansion into Indonesia, Southeast Asia's largest economy.
AmInvestment said Yeo Hiap Seng is a dominant food and beverage company, with about 80 percent of group revenues coming from beverages marketed in Singapore and Malaysia under its iconic Yeo's brand.
"Yeo Hiap Seng is setting up a new Asian softs drinks production plant in Indonesia, possibly by end financial year 2013," AmInvestment said in a note to clients.
"This would shorten supply chain time and cut logistic costs, while also demonstrating its commitment to this potentially huge consumer market." -- Reuters
Company Name: YEO HIAP SENG (M) BHD
| Research House: AMMB | Price Call: BUY | Target Price: 3.90 |
The research arm of AmInvestment Bank started coverage on drinks manufacturer Yeo Hiap Seng Bhd with a "buy" call and a target price of RM3.90 (US$1.24) per share thanks to its expansion into Indonesia, Southeast Asia's largest economy.
AmInvestment said Yeo Hiap Seng is a dominant food and beverage company, with about 80 percent of group revenues coming from beverages marketed in Singapore and Malaysia under its iconic Yeo's brand.
"Yeo Hiap Seng is setting up a new Asian softs drinks production plant in Indonesia, possibly by end financial year 2013," AmInvestment said in a note to clients.
"This would shorten supply chain time and cut logistic costs, while also demonstrating its commitment to this potentially huge consumer market." -- Reuters
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