MIDF maintains trading buy call on F&N with unchanged target price of RM33.07 | Malay Mail

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KUALA LUMPUR, Nov 8 — MIDF Research has maintained its ‘trading buy’ call on Fraser and Neave Holdings Bhd (F&N) with an unchanged target price (TP) of RM33.07 after the company shared its outlook for financial year 2022 (FY22). The food and beverage (F&B) company is expected to...

Monday, 08 Nov 2021 11:47 AM MYT

The food and beverage company is expected to maintain its strategy that focuses on exports for both F&B Malaysia and Thailand as a hedge against financial disruption caused by Covid-19. Besides its outlook, F&N has also updated that its integrated warehouse and solar farmhouse are now near completion, supporting MIDF’s positive call on the group.

The new integrated warehouse located in Shah Alam with automatic storage and retrieval system with capacity of more than 50,000 pallets would reduce fuel usage, shorten delivery lead time to customers and reduce operational costs.

 

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