SINGAPORE (Nov 11): DBS Vickers is keeping its “hold” call on Fraser & Neave with lower target price of $2.26 given that the latter’s headline earnings were held by disposal gains of $542 million from the sale of its 55% stake in Myanmar Brewery Limited. The group ended the year with net cash of $865 million.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.


  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply