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F& N: Deutsche re-instates at Buy with TP $7.06. Says FNN is uniquely positioned to benefit from rising SE Asian consumption growth via its market leading brewery and soft drink operations, while strong pre-sales and recurrent earnings continue to drive strong cash flows and opportunities for land bank restocking and dividend growth.
Sees catalysts, as the end of the Coca-Cola bottling agreement will allow FNN to grow new export markets such as Indonesia and Vietnam, while APB continues to develop and consolidate its market leadership position across Asia via acquisitions and expansions. Projects FNN’s consumer division to grow 10-13% over the next 1-3 years, on growing exports and margin recovery and as sugar prices and the competitive landscape normalize.
Adds, active capital recycling (sales of its publishing and hospitality arms) and synergies with Kirin may also unlock further shareholder value.
Notes, valuation is attractive at a 24% discount to RNAV, wider than its long-term average of 15%.
Sees catalysts, as the end of the Coca-Cola bottling agreement will allow FNN to grow new export markets such as Indonesia and Vietnam, while APB continues to develop and consolidate its market leadership position across Asia via acquisitions and expansions. Projects FNN’s consumer division to grow 10-13% over the next 1-3 years, on growing exports and margin recovery and as sugar prices and the competitive landscape normalize.
Adds, active capital recycling (sales of its publishing and hospitality arms) and synergies with Kirin may also unlock further shareholder value.
Notes, valuation is attractive at a 24% discount to RNAV, wider than its long-term average of 15%.
F& N: CIMB has technical Buy Call. Note that prices have been consolidating sideways for the past few weeks. Yesterday, prices broke out of this channel and this should entice the bulls to join the buying bandwagon. Hence, traders with higher risk appetite may start to nibble now to ride the breakout run.
The following resistance levels are $6.58 and $6.85. Add that the Technical landscape is improving. MACD histogram bars are falling at a slower pace while RSI has also hooked upward. As long as prices stay above the $6.01 level, the odds continue to favour the bulls. However, it is important to place a stop at below $6.00 to limit downside risks.
The following resistance levels are $6.58 and $6.85. Add that the Technical landscape is improving. MACD histogram bars are falling at a slower pace while RSI has also hooked upward. As long as prices stay above the $6.01 level, the odds continue to favour the bulls. However, it is important to place a stop at below $6.00 to limit downside risks.
Good luck for longing!
Relax, I aint worry about F& N. Got several lots in CPF bought at 2 lollars. For trading, results must be very good for Breakout to happen. My concern is on their property part, but I think it will be good enuff with Tiger Beer going strong, just that Results MUST be better than Good, so the risk element is there.
alexchia01 ( Date: 13-Nov-2011 22:38) Posted:
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You worry about F& N's Result?
I think you over-worry la.
Just look at what Business F& N is in and their past results, you'll feel safer.
rabbitfoot ( Date: 13-Nov-2011 20:36) Posted:
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ok, but do note the mid-week Q3 result
alexchia01 ( Date: 13-Nov-2011 20:33) Posted:
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Still can Buy F & N tomorrow.
Support: 11630
Resistance: 12284
More on my Blog at Alex Trades.
Good luck.
Hope u did get out today? Tmr is going down...
susan66 ( Date: 08-Nov-2011 17:11) Posted:
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Don't need to wait for tomorrow, today break already! I just entered $6.25. 
Still good to enter?
alexchia01 ( Date: 08-Nov-2011 16:28) Posted:
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Watch how F & N flys.
I think can Buy F & N tomorrow.
Entry: $6.20
Stop-Loss: $6.01
More on my Blog at Alex Trades.
Good luck.
Singapore-listed China Dairy Group said a unit of Fraser and Neave is in talks with potential buyers to sell its 29.5% stake in the company, reported Reuters.
There is no certainty or assurance that any definitive or binding agreement will result from the talks, the company said in a statement.
The statement was issued in response to a query from the Singapore Exchange after shares of China Dairy surged 25% yesterday.
The company’s shares will resume trading on Thursday after a day-long suspension today.
Surged past $6. What's the news?
Upside is limited for F& N. Wait for the breakout of the next big move.
http://mystocksinvesting.com/singapore-stocks/fn/fn-trading-in-a-triangle/
Look at this power machine.. STI dropped over 20 points it went up by 7 cents... From 1st August until now only dropped less than 50 cents !!!
This has nothing to based on STI moving to 3000.
I don't dare to predict STI liao, really lousy at it.
I'm only looking at F & N chart and indicating what I thought now.
When market condition change, so could my T.P.
rotijai ( Date: 15-Aug-2011 16:12) Posted:
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I keep holding, perhaps add more on it!
Hulumas ( Date: 04-Aug-2011 19:54) Posted:
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based on ur target price..
u are expecting STI to move to 3k uh ? :)
alexchia01 ( Date: 15-Aug-2011 16:09) Posted:
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Last Buy of the day, F & N.
Stop-Loss at $5.54.
T.P. is $6.07.