Fraser & Neave (F & N)

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(08-04-2019, 05:09 PM)masterleong Wrote: The publishing and printing business remains loss making, while the SG beverage business is not so positive. To be conservative i value all their other businesses as zero, only taking the 20% stake in vinamilk and 50% stake in F&N bursa to derive a nav per share of about $3.00

i suppose the RNAV of F&N is much higher now. Would anyone have an guesstimatete here ? many tks.
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Possibility of F&N to reduce its Dvd ? and then share price adjusts downwards... Or rights issue??? (like Fraser Property) ...
[I am not here to promote any stocks. Please always do your own research before embarking on any investment decision. I will not be liable for any of your own decisions. Your use of any information or materials is entirely at your own risk. It is your responsibility to ensure that any products, services or information meet your specific requirements. I do not produce material which meets the objectives of any specific financial and risk profile of investors.]
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Its Malaysian subsidiary has just reported a good set of results:

Fraser & Neave Holdings Berhad’s 2QFY24 core net earnings posted at RM162.0mn (+53.0% YoY). The higher-than-expected results were mainly attributed to the elevated festive demand.
1HFY24 core net profit surged 51.3% YoY to RM332.2mn in tandem with revenue growth of 10.7% YoY to RM2.7bn. The results were driven by robust sales and improved margins in both F&B Malaysia and Thailand.

The group has declared an interim single-tier dividend of 30.0sen/share for the quarter under review (vs. 27sen/share in 2QFY23).
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