Fraser and Neave (F&N)

Broker's Calls

CGS-CIMB warns of lower ThaiBev 9M earnings against other positive analyst reviews

Following Thai Beverage’s (ThaiBev) 9M FY20 business update, most analysts are positive on the company despite the impact from the restrictions to curb the spread of the novel coronavirus (Covid-19

Results

F&N posts 8.2% drop in 9M earnings to $118 mil on adverse impacts from Covid-19

Fraser and Neave (F&N), the food and beverage manufacturer and distributor owned by Thai Beverage, announced in a business update that its 9M20 earnings have dropped by 8.2% y-o-y to $118 milli

Results

F&N posts 2.7% decline in 1H earnings to $71.8 mil, declares 1.5 cent dividend

SINGAPORE (May 11): Fraser and Neave (F&N) has reported earnings of $71.8 million for 1HFY2020 ended March, down 2.7% from earnings of $73.8 million last year. 

Results

F&N posts 4.6% rise in 1Q earnings to $39.7 mil on higher revenue

SINGAPORE (Feb 6): Fraser and Neave (F&N) saw its earnings grow 4.6% to $39.7 million for 1QFY2020 ended December 2019, from $37.9 million a year ago.

Spinoff and listing

ThaiBev's potential spin-off of breweries could increase its valuation as stock nears 12-month high

SINGAPORE (Dec 9): Beer and property do not always mix, but the family business of Thai tycoon Charoen Sirivadhanabhakdi has been busy shuffling its assets in the two industries.

Company in the news

F&N marks return to Myanmar's beer market with Emerald Brewery

SINGAPORE (Sept 25): Fraser and Neave (F&N) has marked its return to Myanmar’s beer market with the start of commercial operations at Emerald Brewery Myanmar.

Results

F&N posts 9% higher 3Q earnings of $50.3 mil on higher soft drinks and dairy sales

SINGAPORE (Aug 7): Fraser and Neave reported 3Q19 earnings of $54.8 million, 9% higher than the earnings of $50.3 million a year ago in 3Q18.

Broker's Calls

ThaiBev now in better spirits so don't cash in just yet, says OCBC

SINGAPORE (May 28): OCBC Investment Research is maintaining “hold” on Thai Beverage (ThaiBev) while lowering its fair value estimate by 2 cents to $0.86 after updating its cost of equity.

Hot Stock

F&N jumps on Thai Starbucks deal

SINGAPORE (May 24): Shares of Fraser and Neave got a jolt of caffeine after the company, controlled by Thailand’s richest man, announced plans to enter the Thai coffee market.

Results

F&N 2Q earnings more than double to $36 mil; declares 1.5 cents interim dividend

SINGAPORE (Apr 30): Fraser and Neave (F&N) says 2Q19 earnings more than doubled to $35.9 million from $15 million a year ago.

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