Vinamilk

SINGAPORE (Nov 13): Phillip Capital has upgraded its call on Fraser and Neave (F&N) from “neutral” to “accumulate” with a higher target price of $2.83 from $2.52 previously.

SINGAPORE (Aug 10): DBS Group Research is keeping its “hold” call on Fraser and Neave (F&N) with an unchanged target price of $2.57.

SINGAPORE (Aug 8): Fraser and Neave reported 60% rise in earnings before exceptional items to $60.7 million for 3Q17 from $38 million a year ago.

SINGAPORE (July 25): DBS is maintaining its “buy” call on Thai Beverage with a target price of $1.07 as it expects domestic consumption to pick up soon.

SINGAPORE (July 7): CIMB Research is maintaining its “add” recommendation on Thai Beverage (ThaiBev) with an unchanged target price of $1.07.

SINGAPORE (June 29): DBS is maintaining its “hold” call on Fraser and Neave after Vinamilk gained associate status from an investment previously.

SINGAPORE (May 8): Fraser and Neave, the group with interests from beer and beverages to publishing and printing, reported a 67% fall in 2Q earnings to $3.8 million from a year ago.

SINGAPORE (Feb 9): Fraser & Neave announced on Wednesday that it had increased its stake in Vinamilk from 5.4% to 17.5% to date and added that it would continue to acquire more shares when the opportunity arises.

SINGAPORE (Dec 9): Fraser & Neave’s two wholly subsidiaries F&N Dairy Investments and F&N Bev Manufacturing are seeking to each acquire a 2.7% stake in Vinamilk, or 39.2 million shares, from the Vietnamese Government for $700 million. The results are ex

SINGAPORE (Nov 23): DBS is recommending a “long-term buy” on Thai Beverage with a target price of $1.09 as it sees the F&B manufacturer morphing into a regional player that could lead to a rerating of the stock.