“F&N retains entrenched dominance in ASEAN Food & Beverage, with No.1 position in canned milk in Thailand and Malaysia and a leading isotonic drink (100PLUS) in Singapore and Malaysia,” states Ng.
uSMART has initiated a “hold” call on Fraser and Neave (F&N) with a target price of $1.91.
In his Feb 9 initiation report, analyst Ng Xin Yang says F&N is currently undergoing a structural transformation, pivoting from a downstream brand owner to a vertically integrated agri-food operator.
