SGX:F99Food
Fraser And Neave (SGX:F99) Stock Flat As Margins Strengthen And Sales Slip
Fraser and Neave’s share price closed at SGD1.44 after a flat week, yet the latest Q3 numbers give the stock a clearer story than the muted tape suggests. The headline is a profit engine that looks stronger than the topline mood. Net income from ongoing operations reached SGD48.8m on revenue of SGD528.7m, with basic earnings per share at SGD0.0335.
The market’s cool reaction sits against a beverages and food business that is squeezing more earnings out of each dollar of sales. The full set of...