F&N reports 13.7% higher earnings of $45.1 mil in 1Q21 business update - THE EDGE SINGAPORE


F&N reports 13.7% higher earnings of $45.1 mil in 1Q21 business update

1QFY2021 earnings per share (EPS) stood at 3.1 cents, up 14.8% y-o-y.

Sector Focus

Heineken finds new growth in non-alcoholic beer

SINGAPORE (Mar 15): After acquiring its rivals to become Europe’s largest and the world’s second-largest brewery company in recent years, Heineken International is now seeking growth by expanding its sizeable beer portfolio to include the fledgling,

Broker's Calls

Asian Story acquisition brings nothing but cheer to Kimly's outlook: RHB

SINGAPORE (July 4): RHB Research is maintaining its “buy” call on Kimly with a higher target price of 46 cents compared to 43 cents previously, following news of the coffee shop operator’s $16 million acquisition of Asian Story Corp (ASC) and its As

Yoma partners Pernod Ricard to produce & distribute whisky in Myanmar

SINGAPORE (May 25): Yoma Strategic plans to form a joint venture (JV) company with French spirits giant Pernod Ricard to focus on the production and distribution of whisky in Myanmar.


Sabeco gets strong response at Singapore investors' roadshow as Vietnam kicks off sale

SINGAPORE (Nov 27): Vietnam’s biggest brewer Sabeco SAB.HM has received a strong response from potential suitors at an investors’ roadshow in Singapore, its chairman said, as the government moves closer to finalizing a stake sale in the US$9 billion (

How F&N’s earnings can find nourishment in Vinamilk

SINGAPORE (March 24): RHB Research is confident that Fraser & Neave’s (F&N’s) recent move to increase its stake in Vietnam Dairy Products, otherwise known as Vinamilk, is to power the group’s earnings growth ahead. 

Global Markets

Asahi looks for China beer exit after Tsingtao disappointment

HONG KONG/TOKYO (Jan 27): For a foreign brewer hoping to gain an edge in the Chinese market, it seemed like the ideal alliance: Japan’s largest beermaker teaming up with one of China’s premier brands. Yet, Asahi Group Holdings Ltd.’s 2009 purchase

Broker's Calls

No fizz in F&N’s margins going into FY17

SINGAPORE (Nov 10): DBS Vickers Securities is maintaining its “hold” recommendation on Fraser and Neave Holdings (F&N) with a revised sum-of-parts-based target price of $2.36.


F&N’s FY16 earnings decline 83% to $10.8 mil on absence of gain on disposal

SINGAPORE (Nov 7): Fraser and Neave reported earnings of $108.1 million for FY16, a 82.9% decrease from the earnings of $632.6 million in FY15 which was boosted by the one-off $541.5 million gain from the sale of its 55% stake in Myanmar Brewery.


Yeo Hiap Seng’s earnings double in 2Q

SINGAPORE (July 27): Yeo Hiap Seng earnings for 2Q ended June doubled to $8.1 million from $4 million due to higher profit from its F&B division.