Vietnam Dairy Products Joint Stock Company (Vinamilk)

Results

Fraser and Neave reports 12.4% fall in 3Q earnings to $50.3 mil with dairies being key contributor

SINGAPORE (Aug 7): Fraser and Neave, the beverage, dairies and publishing company, reported a 12.4% fall in 3Q18 earnings to $50.3 million from a year ago.

Broker's Calls

Fraser and Neave kept at 'accumulate' on Vinamilk FY18 support

SINGAPORE (Feb 13): Phillip Capital is maintaining Fraser and Neave at "accumulate" with SOTP-based target price of $2.83 given its strong start into the year despite absence of Lunar New Year boost.

Results

F&N reports 16.3% rise in 1Q earnings to $26.1 mil on Vinamilk contribution

SINGAPORE (Feb 9): Fraser and Neave (F&N) reported a 16.3% rise in 1Q18 earnings to $26.1 million from $22.4 million a year ago.

M&A

Jardine C&C to acquire 5.5% stake in Vinamilk for $839 mil

SINGAPORE (Nov 13): Jardine Cycle & Carriage is acquiring a 5.53% stake in Vietnam Dairy Products Joint Stock Company, better known as Vinamilk, for US$616.6 million ($838.6 million).
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