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DBS toasts Vinamilk’s new status as F&N associate

PC Lee
PC Lee6/29/2017 10:53 AM GMT+08  • 1 min read
DBS toasts Vinamilk’s new status as F&N associate
SINGAPORE (June 29): DBS is maintaining its “hold” call on Fraser and Neave after Vinamilk gained associate status from an investment previously.
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SINGAPORE (June 29): DBS is maintaining its “hold” call on Fraser and Neave after Vinamilk gained associate status from an investment previously.

Since December 2016, the group has been increasing its stake in Vinamilk, to 18.74% currently.

DBS is raising its FY17F and FY18F forecasts by 9% and 32% respectively, taking into consideration the treatment of its increased stake in Vinamilk

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