“We have tweaked our estimated earnings downward by 3.7% and 2.5% for financial year 2020 and 2021, respectively, to account for more conservative growth assumptions for Malaysia to -0.5%-0% (from 1%-2% previously), ” Kenang Research said in a report.(File pic shows some F & N products)
KUALA LUMPUR: Robust demand growth from Fraser & Neave Holdings Bhd
’s (F&N) Thai operations is expected to be overshadowed by competition on the domestic scene.
Kenanga Research has reiterated its “market perform” recommendation on the stock but lowered its target price to RM35.15 following a downward revision in its earnings forecasts.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
