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F&N
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YongJiu
Veteran |
17-Oct-2006 23:39
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this is a yummy counter, I know this brand since I was a young boy =P |
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Nostradamus
Supreme |
16-Oct-2006 18:25
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It expects to more than double the current size of its dairies turnover to RM1.5b after stitching up a deal with Nestle to produce, distribute and sell Nestle liquid milk products. F&N will take control of Nestle's canned liquid milk, UHT and chilled dairy and juice business in Thailand, thus gaining access to the large Thai and untapped Myanmar and IndoChina markets, the major manufacturer of soft drinks, dairy products and glass packaging said. Nestle currently has dominant shares in the condensed, evaporated and sterilised milk markets in Thailand through the Carnation, Milkmaid and Bear brands.. Under the agreement with Nestle, these brands will be licensed to F&N which will also acquire Nestle production facilities and equipment in Thailand. In Malaysia, Singapore and Brunei, Nestle will transfer the Tea Pot sweetened condensed milk brand to F&N and license F&N to manufacture and distribute Nestle's Ideal, Carnation and Milkmaid brands. Nestle has also agreed to sell its 25% stake in F&N's Malaysian manufacturing subsidiary, Premier Milk Sdn Bhd, one of the largest condensed milk factories in the region. F&N will retain Nestle services in Malaysia and Singapore to continue present distribution arrangements for three years in order to avoid any market disruption. F&N CEO Mr Tan Ang Meng said the estimated the deal will be financed by internally generated funds and borrowings. He said the deal will enable F&N to bulk up its dairy business and at the same time extend its regional footprint. "The deal will increase the dairies division's annual turnover of RM600 million to more than RM1.5 billion and is expected to significantly enhance future contributions to the F&N Group," he said. Tan singled out Thailand with a population of 2.8x that of Malaysia as offering tremendous opportunity for quantum growth of the dairy and food industry. Moreover, the relatively untapped markets of Indochina and Myanmar with a combined population of 150m will provide a future source of growth for Nestle and F&N brands, he said. "In one stroke, we have gained access to a large population base and reduced our dependence on the relatively small Malaysian market, which augurs well for the future of F&N." Tan expects the deal to further strengthen the long standing relationship between F&N and Nestle. |
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Nostradamus
Supreme |
16-Oct-2006 11:14
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It said it will make and distribute Nestle milk products in an US$84m deal that promises to help double annual turnover at its dairy division. F&N will take control of Nestle's "In one stroke, we have gained access to a large population base and reduced our dependence on the relatively small Malaysian market, which augurs well for the future of F&N," CEO Tan Ang Meng said in a statement. In Brunei, Malaysia and Singapore, Nestle will transfer a popular sweetened condensed milk brand to F&N as well as licence F&N to produce and distribute Nestle's three other milk brands. Nestle has also agreed to divest its 25% stake in F&N's Malaysian subsidiary, Premier Milk Sdn Bhd, F&N said. "The deal will increase the dairies' division annual turnover of MYR600m to more than MYR1.5b and is expected to significantly enhance future contributions to the F&N group," Tan said. The MYR310m deal would be funded through internal funds and borrowings, he said, but gave no details. Nestle (Malaysia) Bhd "This transaction .... is expected to add operational efficiencies and allow the company to focus on key brands; part of its strategy to have fewer and bigger brands," it said in a statement. |
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chipchip66
Master |
12-Oct-2006 20:22
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I misse buying it when it is hovering around $4.10. Shucks!!! |
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Nostradamus
Supreme |
12-Oct-2006 00:29
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Property forms 68% of F&N's assets. |
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Nostradamus
Supreme |
10-Oct-2006 18:16
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Merrill Lynch has raised its target price to $5.00 from $4.38 as it expects the firm's property business to benefit from the recovering domestic market. "We believe Fraser & Neave is well positioned to leverage off the strong recovery in the Singapore property market over the next three to four years," Merrill Lynch said in a note. F&N has launched seven property developments this year and Merrill Lynch believes the company will launch at least three in 2007 and another two in 2008. "The strong launch program underway should result in (its) Singapore residential property EBIT increasing from $91m in 2005 to $295m in 2008," it said. Merrill Lynch said it has revalued F&N's listed investments, which include Asia Pacific Breweries and Frasers Centrepoint Trust, estimated to be worth $2.7b and accounting for 31% of the group's total assets. Merrill Lynch believes the company is well positioned to leverage off the economic growth in Singapore and across Asia. |
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nickyng
Supreme |
05-Jul-2006 20:21
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high beta stock...up n down swing are extreme...not for weak heart types :) |
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passo695
Member |
05-Jul-2006 17:22
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Anyone out there familiar with this stock? Any advise or research on this counter? Please assist. Thanks. |
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