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KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
KUALA LUMPUR: Sharing the plans in store for Cocoaland Holdings Bhd, Fraser & Neave Holdings Bhd (F&N) CEO Lim Yew Hoe said the group's long-term goal is to build the 40-year-old candy maker into East Asia's most recognisable gummy manufacturer and a leading producer of chocolate products internationally.
Both companies could leverage distribution networks
KUALA LUMPUR: Fraser & Neave Holdings Bhd (F&N) has proposed to acquire the entire equity interest in Cocoaland Holdings Bhd it does not already own for RM488.15mil or RM1.50 a share.
KUALA LUMPUR: A successful acquisition of Cocoaland Bhd may help to bring the cocoa manufacturer to its full potential, although it could be years before Fraser & Neave Holdings Bhd (F&N) realises the benefits, says TA Securities Research.
PETALING JAYA: Trading in the shares of food and beverage giant Fraser and Neave Holdings Bhd (F&N) and Rawang-based snack and candy maker Cocoaland Holdings Bhd has been suspended, pending a material announcement.
KUALA LUMPUR: Fraser and Neave Holdings Bhd (F&N) plans to acquire the entire equity interest in Cocoaland Holdings Bhd not already owned by it for RM488.15mil, and subsequently, the privatisation of Cocoaland, to be undertaken by way of a members’ scheme of arrangement.
KUALA LUMPUR: Cocoaland Holdings Bhd, which recorded a surge in revenue in the final quarter of 2021, is expected to continue benefitting from the normalisation in demand as international borders reopen and the economy recovers.
KUALA LUMPUR: There could be an increase in trading activity in stocks with recent corporate news flow including Carlsberg, MQ Technology, CocoaLand, F&N, SKP Resources, Supermax, Boustead, MR DIY and Serba Dinamik, said JF Apex Research.
KUALA LUMPUR: Stocks that may be in focus on Tuesday include F&N, Cocoaland, Top Glove, Serba Dinamik, MSC, mTouche, AHB and GIIB, said JF Apex Research.
KUALA LUMPUR: Snack product manufacturer Cocoaland Holdings Bhd’s net profit for the first quarter ended March 31,2020 fell by 39% to RM5.12mil from RM8.42mil a year ago.
PETALING JAYA: Fraser & Neave Holdings Bhd’s (F&N) sales will continue to grow in the coming quarters driven by demand from inbound tourists, exports to China and additional contribution from the integration of Cocoaland Holdings Bhd’s business into the group.
With a bumper dividend to commemorate its 140th anniversary, Fraser & Neave Holdings Bhd (F&N) has announced its strongest quarterly dividend in 12 years as its net profit surged by almost 40%.
PETALING JAYA: TA Research has trimmed Fraser & Neave Holdings Bhd’s (F&N) earnings forecasts for financial year 2023 (FY23), FY24 and FY25, after factoring in higher commodity prices and finance costs.
PETALING JAYA: Fraser & Neave Holdings Bhd (F&N) is maintaining a cautiously optimistic outlook for the remainder of its current financial year, amidst volatility in commodity prices and foreign exchange rates.
Fraser & Neave Holdings Bhd (F&N) is maintaining a cautiously optimistic outlook for the remainder of its current financial year, amidst volatility in commodity prices and foreign exchange rates.
PETALING JAYA: Fraser & Neave Holdings Bhd (F&N) plans to allocate RM700mil to RM800mil for capital expenditure (capex) in the financial year 2023 (FY23), mainly to finance its dairy farm project in Gemas, Negri Sembilan.
PETALING JAYA: Food and beverage (F&B) manufacturer Fraser & Neave Holdings Bhd (F&N) is “cautiously optimistic” as it heads into the second half of its financial year 2023 (FY23) ending Sept 30, believing that its strategic decisions have given the company a firm footing to defend margins, strengthen its brands and enable future growth.
PETALING JAYA: Fraser & Neave Holdings Bhd (F&N) will continue to capitalise on the return of international tourists and out-of-home consumption post pandemic.
