Fraser and Neave (F&N)

Results

F&N posts 4.6% rise in 1Q earnings to $39.7 mil on higher revenue

F&N’s beverages segment, which comprises soft drinks and beer, saw a 9.9% growth in revenue during the quarter to $124.5 million.

Spinoff and listing

ThaiBev's potential spin-off of breweries could increase its valuation as stock nears 12-month high

SINGAPORE (Dec 9): Beer and property do not always mix, but the family business of Thai tycoon Charoen Sirivadhanabhakdi has been busy shuffling its assets in the two industries. Besides the proposed merger of its two Singapore real estate investment trus

Company in the news

F&N marks return to Myanmar's beer market with Emerald Brewery

SINGAPORE (Sept 25): Fraser and Neave (F&N) has marked its return to Myanmar’s beer market with the start of commercial operations at Emerald Brewery Myanmar.

Results

F&N posts 9% higher 3Q earnings of $50.3 mil on higher soft drinks and dairy sales

SINGAPORE (Aug 7): Fraser and Neave reported 3Q19 earnings of $54.8 million, 9% higher than the earnings of $50.3 million a year ago in 3Q18.

Broker's Calls

ThaiBev now in better spirits so don't cash in just yet, says OCBC

SINGAPORE (May 28): OCBC Investment Research is maintaining “hold” on Thai Beverage (ThaiBev) while lowering its fair value estimate by 2 cents to $0.86 after updating its cost of equity.

Hot Stock

F&N jumps on Thai Starbucks deal

SINGAPORE (May 24): Shares of Fraser and Neave got a jolt of caffeine after the company, controlled by Thailand’s richest man, announced plans to enter the Thai coffee market.

Results

F&N 2Q earnings more than double to $36 mil; declares 1.5 cents interim dividend

SINGAPORE (Apr 30): Fraser and Neave (F&N) says 2Q19 earnings more than doubled to $35.9 million from $15 million a year ago.

Commentary

Raiders, traders would be good for the market, but boards with backbone would be even better

SINGAPORE (Apr 22): One evening in February 2002, the telephone on my desk rang at an unusually late hour. The voice on the other end of the line identified itself as being that of Sir Ronald Brierley, the chairman of London-listed Guinness Peat Group.

M&A

F&N’s Times Publishing to acquire 60% stake in Print Lab for $24.5 mil

SINGAPORE (Mar 11): Times Publishing, a wholly-owned subsidiary of Mainboard-listed Fraser and Neave (F&N), has entered into a conditional agreement to acquire a 60% stake in Print Lab for $24.48 million.

Results

F&N posts 48% jump in 1Q earnings to $37.9 mil on lower costs, share of associate Vinamilk

SINGAPORE (Feb 11): Fraser and Neave (F&N) saw its earnings rise 47.5% to $37.9 million for the 1Q19 ended December, from $25.7 million a year ago.
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