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New123 ( Date: 18-May-2011 16:17) Posted:
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rickyw ( Date: 18-May-2011 16:00) Posted:
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New123 ( Date: 18-May-2011 15:51) Posted:
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Enjoy the latest ride for those vested in F & N, Friday closed at 6.24.
Hopefully it would last at least till its major resistance at 6.58.
Drink more F& N n cheers P , i like its tonic water esp when watching EPL matches.
Have a nice day,
phk
JAPAN ICE CREAM ALSO BANNED! TRY FNN KING'S
don't date girls from japan..
drink F& N milk instead
FNN milk products will benefit as substitute.
SINGAPORE: The Agri-Food & Veterinary Authority (AVA) has suspended with immediate effect, the import of milk and milk products, fruits and vegetables, seafood and meat from Japan's Fukushima, Ibaraki, Tochigi and Gunma prefectures.
This comes as a precautionary measure in light of recent developments in Japan.
AVA said it has received information that the Japanese Ministry of Health, Labour and Welfare (MHLW) has detected high radioactivity levels in raw milk and vegetables from the four prefectures. (CNA 24/3/11)
everyday drop few cents, behaving more like s-chips than bluechips. LHY previous track record w/Singtel was no good, why FNN want him as Executive Chairman?
Jackpot2010 ( Date: 22-Mar-2011 16:16) Posted:
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next resistance 5.9
gd luck~~
F & N : BUY S$6.00 Bloomberg: FNN SP
Neutral to F& N and FEO's top bid impact minimal
Price Target: S$7.00
By: Andy SIM, CFA +65 6398 7969
F& N, in a 3-way partnership with Far East Organisation (FEO) and Sekisui
(each with 33.33% interest), has emerged as the top bidder for a 1.36m sq
ft (125,997 sq m) GFA mixed development site at Punggol Central. The bid
was S$1.021 bn (or S$753 psf GFA on a blended basis), which was 20% above
the next bidder from Punggol Retail Development & Qingdao Construction.
In total, there were 7 bids including Keppel Land , Capitaland, SPH/ United
Engineers, Fica Nominees and Soilbuild. The winning bid was c.20-34% above
the second to fourth tender prices.
/DBSV/
Fraser & Neave unit Frasers Centrepoint and its partners bid $1 billion for a Singapore site, beating six others even as the government introduced more measures to damp property speculation.
Frasers Centrepoint, Far East Organization and Sekisui House plan to build 680 homes and a 365,000-square-foot shopping mall on the north-eastern Singapore site, according to a statement to the stock exchange late yesterday. Far East is the city-state’s biggest privately held developer.
“The seven bids that this tender attracted indicate that developers are still eager to acquire attractive sites,” Nicholas Mak, executive director of SLP International Property Consultants, said in an e-mailed statement.
Singapore’s private home sales declined 11% to 1,189 in January from the previous month as government measures took effect. Last month’s sales were the lowest since October when 1,066 homes were sold, according to data on the Urban Redevelopment Authority’s website.
The bid “demonstrates our confidence in the Singapore property market,” Lim Ee Seng, chief executive officer of Frasers Centrepoint, said in the statement.
The city may take further steps to damp the property market if needed following last month’s curbs, Mah Bow Tan, minister for national development, said in Parliament on Feb 14. The government on Jan 13 raised down payment requirements for second mortgages and raised sales taxes, which were pre-emptive and imposed to cool the market, not “crash it,” Mah said.
Private home prices in the city-state climbed 2.7% to a record in the fourth quarter, boosting gains in 2010 to 18%.
Will $6 be the support price?
Strong F& B earnings
Price Target : S$ 7.00
by: Andy SIM CFA (DBSV)
At a Glance
1Q11 within expectations with net profit (ex gains) at S$156.5m (+15%
yoy)
F& B was strong at 58% of Group PBIT
Defensive F& B buffers the cyclical property business
Maintain Buy for 19% upside to TP of S$7.00
Comment on Results
1Q11 within expectations. 1Q11 core net profit, excluding exceptional
gains, at S$156.5m grew by 15% yoy on sales of S$1.55bn (+9% yoy). Sales
was supported by its strong F& B divisions, namely breweries (+31%), soft
drinks (+28%) and dairies (+12%). Revenues from investment properties
slipped 31% due to divestment of Northpoint2 and Yew Tee Point to Fraser
Centrepoint Trust (FCT) and cessation of FCT as a subsidiary. Development
properties’ revenue slid 11% to S$352m arising from lower overseas
contribution, partly offset by higher recognition in Singapore .
F& B contributes 58% of Group PBIT. F& B contributed 58% of the Group’s PBIT
in 1Q11, up from last year’s 47%. The strong F& B PBIT partly came from
beer/ soft drink volume gains and contributions from new breweries, and new
Redbull distribution. Dairies’ PBIT, however, saw a 28% dip due to higher
input costs. While we expect to see F& B margins tapering off slightly, we
understand that the Group has forward purchases for raw material in place
this year, and this should have a lesser impact on margins if it was left
totally unhedged.
Recommendation
Maintain Buy, TP unchanged at $7.00. The Group’s F& B business should
provide earnings stability and counter the cyclical nature of property
development. While the Group is one of the larger property developers in
Singapore, we estimate that the unsold units account for c.5% of our RNAV.
In addition, with Kirin ’s recent increase in stake to 15%, this could
provide a psychological support to share price. Our TP is based on a 5%
discount to our RNAV of S$7.39.
(See attached file: fnn110211-result Buy DBSV.pdf)
F& N posts 15% rise in 1Q net profit to $157m
Fraser and Neave says net profit for the first quarter ended 31 December 2010 (1QFY2011) rose 15% y-o-y to $157 million on the back of an almost 10% rise in revenue to $1.55 billion.
back down to low $6 again.. as everyone is spooked by the china i/r hikes
gd to accumulate cheap again..