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Waiting for Vinamilk

Ko Ding Wei
Ko Ding Wei5/9/2017 10:36 AM GMT+08  • 2 min read
Waiting for Vinamilk
SINGAPORE (May 9): DBS is maintaining a “hold” on Fraser & Neave with a target price of $2.37 as it awaits for profit contribution from its higher stake in Vinamilk to kick in in the second half.
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SINGAPORE (May 9): DBS is maintaining a “hold” on Fraser & Neave with a target price of $2.37 as it awaits for profit contribution from its higher stake in Vinamilk to kick in in the second half.

The beer and soft drinks maker saw 2Q17 net profit fall 29% y-o-y to $8.5 million while revenue faced a 5.8% drop.

(See also: Fraser and Neave posts 67% fall in 2Q earnings to $3.8 mil)

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