F&N (3689) Overview - FRASER & NEAVE HOLDINGS BHD

First time surpass DutchLady @RM26.20

2023-04-12 11:06

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥

Wah, earnings drop 49% or almost half compared to last quarter.

2023-05-05 09:52

RWG

weather so hot, 100plus sure sell like mad

2023-05-18 20:07

F&N announces a good quarterly result.

2023-08-03 17:29

GammaRay

Wow, F&N's revenue breaks historical high in Q3FY2023

https://www.thestar.com.my/business/business-news/2023/08/04/fn-gets-earnings-upgrade

2023-08-04 14:54

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥

https://www.nst.com.my/business/2023/08/938437/fns-q3-net-profit-widens-nearly-rm100mil

2023-08-04 22:54

GammaRay

See F&N can hot 52 weeks high or not within this year ..

2023-08-09 11:54

Wah, very good QR
Congratulations to the holders collect 50 cents dividend

2023-11-08 05:57

troy88

Wow, well done F&N.

2023-11-08 10:33

Income

If you don't love me, then give me back my heart, Blink Blink

2023-11-11 05:53

wallstreetrookieNEW

YTL Power holders all flooding to F&N

2023-11-22 15:00

Income

•Missing hash harriers safe, found their way out of forest

2023-12-18 09:35

cascade

Final dividend 33sen
Special dividend 17sen
ex date 2024-Jan-18

2023-12-20 16:23

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥

Wah! Very impressive QR (31.12.23). Very good performance especially from F &N Thailand
Keep it up!

2024-02-01 11:03

Price has retraced back to its previous high levels.

2024-02-07 09:59

stockraider

Talking about comparative study, General Raider remember Dlady & Nestle share price were Rm 70.00 & Rm 155.00 compare to insas about rm 0.90 about 6 yrs ago loh!

How did Nestle & Dlady perform after that leh ??

Why Dlady & Nestle share price stagnant but decline big to today Rm 23.90 and Rm 120.00 leh ??
Is this not value trap meh ??

On the other hand, the latest Insas share price move up, commendably to Rm 1.21 mah!
People say Insas value trap, but actually it perform much better than bluechip Dlady & Nestle mah!

So do not be misled by 3iii mah, he only know how to talkkook loh!

He should look at himself in the mirror b4 giving very unintelligent comment loh!

Have a very good day loh!

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ > 1 hour ago | Report Abuse

Do a comparative study of Insas and Oriental Holdings. Both are "value traps" by definition. You will learn a lot when you compare these companies side by side.

Have a good day.

2024-02-07 12:06

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥

Over the last 10 years, the revenues grew about 4% early and the PBT grew at a slightly faster rate of about 6.9%. This indicated its profit margins had improved. Over the 10 years above, its PBT Margin increased steadily from 8.3% to 12.5%.

Its NAPS (Net Asset Price per Share) grew from RM 4.603 per share to RM 9.112 per share. F&N is a great company, with high ROE in the mid teens. Its ROE for the above 10 years period ranged from low of 12.9% to a high of 19.4%; averaging 15% to 16%.

Given the risk free interest rate of 5% or so, its present price of RM 29.2 per shar means it is trading at a P/NAPS of 3.01 x. This valuation means it is trading at a fair price today.

F&N has distributed dividends yearly. Its DPO was around 52% to 56%. Its latest DY is 2.68%.

In summary, F&N is a great company, growing at a slow rate of 5% to 7% yearly. It retained about 50% of its earnings for future growth and with its ROE at around 15% or so, and many new projects for future growth, this stock in my portfolio remains for the long term.

2024-02-21 20:17

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥

F&N

Its share price climbed slowly over many years, reaching a peak price of RM 38 in June 2018.

From then, it fell to its lowest of RM 20 in October 2022.

Today, it is at about RM 30+.

How do you buy or sell F&N?

Quality: Great (growing)
Management: Great
Valuation:

Buy and hold for the long term.
Buy when it is obviously low.
Do not have to sell when it is obviously high.

In the long term, your investment in F&N will be fine.

2024-04-04 17:48

CONSUMER Sector (KingKKK) - Unveiling Potential Q2 Stars: APOLLO, DLADY, SPRITZER, FFB, F&N, GCB, QL, MRDIY, NESTLE, BJFOOD

https://klse.i3investor.com/web/blog/detail/bestStocks/2024-04-06-story-h-184609490-CONSUMER_Sector_KingKKK_Unveiling_Potential_Q2_Stars_APOLLO_DLADY_SPRIT

2024-04-06 08:21

what happen har? tan sri and puan sri move their share into new holding company?

2024-04-07 16:24

CONSUMER sector: Malaysia's Dividend Darlings? (KingKKK): Top 10 Stocks to Weather the Storm. APOLLO, DLADY, SPRITZER, FFB, F&N, GCB, QL, MRDIY, NESTLE, BJFOOD

https://klse.i3investor.com/web/blog/detail/bestStocks/2024-04-24-story-h-182882795-Malaysia_s_Dividend_Darlings_Top_10_Consumer_Stocks_to_Weather_the_Stor

2024-04-24 15:48

expected, F&N delievered Good result again!

CNY and Raya Sales fall in the same quarter, com-lan-firm earning
Huat ah!

2024-04-30 19:50

even though this counter is already on fair valuation but personally think it have slight discount as it still got gap to climb back to previous height.

The Next big play is fresh milk farm. we shall see another engine to carry F&N to compete with nestle and DL

2024-04-30 20:04

Brutus

Good set of results. Increased dividend payout, nice!

2024-04-30 20:29

CONSUMER Sector (KingKKK): Top Beneficiary of 13% Pay Bump for Government Workers? Stock price reaction on 10 stocks: APOLLO, DLADY, SPRITZER, FFB, F&N, GCB, QL, MRDIY, NESTLE, BJFOOD

https://klse.i3investor.com/web/blog/detail/bestStocks/2024-05-02-story-h-182019848-CONSUMER_Sector_KingKKK_Top_Beneficiary_of_13_Pay_Bump_for_Government_W

2024-05-03 07:53

PassionateInvestor

F&N have always been competing with Nestle and DL on reconstituted "fresh" milk under the Farmhouse brand. They are actually now moving one level up to have locally produced fresh milk which means they'll compete with Farm Fresh which has been grabbing alot of market share in this segment lately.

2024-05-03 10:43

@PassionateInvestor

F&N punya milk is "UHT Fresh milk" this same to DL and nestle.

the so called "UHT Fresh milk" means "UHT", they just misleading ppl only.

here is the chatgpt punya input that i asked the diferences between "UHT Fresh Milk" vs "UHT Milk"

The terms "UHT milk" and "UHT fresh milk" might sound similar, but they actually refer to slightly different products.

UHT Milk (Ultra-High Temperature): This type of milk has been processed using a technique called ultra-high temperature (UHT) pasteurization. In this process, the milk is heated to a very high temperature for a short period of time to kill bacteria and extend its shelf life. UHT milk can be stored at room temperature before opening and typically has a longer shelf life compared to traditional pasteurized milk. It is often labeled simply as "UHT milk."
UHT Fresh Milk: This term can be a bit misleading because UHT milk is not technically "fresh" in the traditional sense. However, some brands may use the term "UHT fresh milk" to emphasize that their UHT milk is of high quality and has a taste and texture similar to fresh milk. Essentially, "UHT fresh milk" is UHT-treated milk marketed to evoke the idea of freshness.
So, while both "UHT milk" and "UHT fresh milk" have undergone the UHT pasteurization process, the latter may be marketed as having qualities closer to fresh milk. However, it's essential to check the label and description to understand the specific characteristics of each product.

2024-05-06 13:42

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥

Just in case u have wonder what so different between "fresh milk" vs "UHT milk"
here got some clip explained

https://www.youtube.com/watch?v=so1ymRyeJV0&ab_channel=%E4%BE%9D%E5%A9%B7YeTing

2024-05-06 13:45

Group operating profit for Q4 FY2024 declined by 27.9% to RM119.9 million (Q4 FY2023: RM166.2
million) attributed to start-up costs from our integrated dairy farm, restructuring costs, unrealised
foreign exchange losses and lower profit contribution from F&B Thailand. This decline was partly
offset by a higher profit contribution from F&B Malaysia

2024-11-05 21:12

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥

Term loan of RM100,000,000
On 25 July 2022, a subsidiary of the Company, DSSB was granted a term loan of RM100,000,000
with a tenure of up to seven years from the date of the first drawdown of the facility. DSSB had made
full drawdown of the term loan on 22 August 2022. The proceeds from this term loan were used to
partially finance the acquisition of Ladang Permai Damai Sdn Bhd. The term loan is subject to floating
interest rates ranging from 5.02% to 5.27% (2023: 3.95% to 5.09%) per annum. As at 30 September
2024, the outstanding term loan amounted to RM96,000,000 (2023:RM100,000,000).

2024-11-05 21:17

Fraser & Neave Holdings Bhd (F&N) expects the company’s first batch of cows to only arrive in six to 12 months following the cancellation of the permit to import 2,500 US-bred cows by the government as a precautionary move following an outbreak of avian flu.

F&N’s chief executive officer Lim Yew Hoe said in a briefing to analysts and the media yesterday that the company’s plans to diversify into the production of fresh milk will not be deterred as it would continue to develop the 2,726ha of land in Gemas, Negri Sembilan into an integrated dairy farm.

F&N has spent RM1.4bil of the RM2bil allocated for the first phase of the project.

The second phase would involve a further RM1bil in spending. The company plans to produce up to 200 million litres of milk annually from 20,000 cows as well as produce beef, and corn for animal feed, as part of its diversification when the farm becomes fully operational.

The company expects to produce up to 100 million litres of milk from the first phase.

Lim admitted that there would be a delay in the completion of the integrated dairy farm as the second phase would not be developed until the completion of the first phase.

He said the company would look into the matter of higher dividend payouts given that the delay of the second phase meant lower spending on the farm and higher than expected cashflow.

F&N declared a total of 63 sen per share in dividends for its financial year ended Sept 30, 2024 (FY24), after declaring a final single tier dividend of 33 sen per share and an interim dividend of 30 sen per share on Nov 5. For FY23, the company declared a total of 77 sen per share in dividends.

Lim said the company has backup plans for livestock from other sources, but the first batch will take anything from six to 12 months to arrive, with the delay of up to a year due to choppy sea conditions and soaring temperatures from April to September in this part of the world that can badly affect the cows.

He said the company was looking into alternative sources from which to import the cows, and that the cows must have the genomic traits that the cows the company ordered from the US have.

The company would also continue to liaise with the government over the matter of future contagion events and how to mitigate the risks.

The company would continue to develop the first phase of the integrated dairy farm and also start the planting of corn for animal feed in December, which should be ready for harvesting next April.

The cows should have animal feed ready for consumption by July, which Lim said would help lower the farm’s operating costs.

He also said that from the 100 million litres of milk expected to be produced from the first phase, up to 20 million litres would be supplied to F&N’s plant in the Suvannaphum Special Economic Zone in Cambodia and another 10 million litres to 15 million litres to Singapore as bulk supply to be packed in the company’s Tuas plant. The remainder would go towards domestic consumption.

On the matter of the excise duty on sugar-sweetened beverages, which would be increased to 90 sen per litre from 40 sen per litre, next year for beverages containing more than five grammes of sugar per 100ml announced under Budget 2025, Lim said the impact would be minimal and the company would try to absorb the cost.

The range of products that cross the sugar threshold contributes less than 1% in terms of sales and include the energy drink Ranger, F&N Teh Tarik and Magnolia Sterilised Milk.

Lim said the company would be looking into how to improve recipes and formulas to lower the sugar volume.

2024-11-07 13:22

dam82

Waiting patiently to add soon more …hope will go down further

2024-11-11 13:11

EngineeringProfit

Me too

2025-01-13 11:19

Don't have CNY euphoria here ...? 😗

2025-01-28 16:52

Europe markets fall, autos down 4% as Trump tariffs kick off; Thales up 8.5%

2025-03-04 21:01

Trump tariffs also affect food and beverage?

2025-03-06 19:31

JJPTR

Trump TARIFF affects global economy.
Weak global economy affects consumption and spending
Weak global spending affects F&N sales and revenue.

2025-03-20 16:04

Dehcomic01

ROE Down, Investments Up—Is F&N Building for a Breakout?

Over the past six years, Bursa Malaysia F&N has transformed from a traditional beverage and dairy company into a diversified and integrated food and beverage group.

In 2022, it entered the snacks and confectionery segment via the acquisition of Cocoaland and expanded its Halal packaged food portfolio through the rebranding of Sri Nona. Around the same time, it ventured upstream into dairy farming with the acquisition of Ladang Permai Damai, laying the groundwork for fresh milk production to reduce reliance on imports.

By 2024, F&N had evolved into a multi-category regional F&B player with integrated capabilities, strong digital platforms, and a growing presence in Halal food, fresh milk, and health-focused products.

Despite acquisitions and organic growth, revenue grew at a CAGR of 5.7%, while PAT rose at 5.8%. However, capital employed expanded faster, leading to a decline in ROE from 16.8% in 2019 to 15.2% in 2024.

As an investor, the key question is whether this ROE decline is temporary or structural.

In the short term, ROE may remain flat or slightly lower as recent investments (in dairy, plant-based beverages, and logistics) weigh on returns without yet contributing fully to profits.

Over the medium term (3–5 years), ROE has room to improve if:

• Profit margins expand through upstream and supply chain efficiencies,

• New product categories scale profitably, and

• Export growth continues without excessive capital outlay.

F&N’s share price has trended down since peaking in April 2024. For signs of a rebound, watch these three areas closely - they could signal a turnaround in ROE and renewed investor interest

2025-03-26 16:53

Can we expect it to drop to 20?

2025-04-07 17:08

ChekHupCoffee

Chilean Holstein cattle thrive in a relatively narrow temperature range, generally between 41°F and 77°F (5°C and 25°C).

2 months ago

Strong F&N, no chance to buy below 20

https://www.nst.com.my/business/corporate/2025/04/1204631/fns-upstream-dairy-move-boost-growth-says-kenanga-research

2 months ago

（吉隆坡29日讯）星狮（F&N,3689,主板消费产品服务组）首席执行员林友和指出，在关税及运费波动剧烈当下，企业能在一个具规模的市场扎稳脚步至关重要，而柬埔寨正是公司看好的市场之一，目前该市场为公司贡献超过20亿泰铢（约2亿5900万令吉）的收入。

“我们将在柬埔寨开设工厂，目前正在建设中，这将是星狮在大马和泰国之外的第一家工厂。”

2 months ago

柬工厂料2026年首季投运
林友和今日出席业绩汇报会时表示，随着柬埔寨的乳制品生产厂开发正按计划进行，预计于2026年初投入商业营运。第一阶段将生产罐装甜炼乳和节日食品，因为这是柬埔寨人最常使用的食品。

他透露，公司将推动本地化策略方面，优先采购柬埔寨本地原料如罐头材料，助力当地经济的发展。

“未来我们也会在柬埔寨推出更多产品组合，进一步扩大销售范围。”

2 months ago

当被问及为何选择柬埔寨而非越南或印尼，他回应：“柬埔寨市场目前每年为我们贡献超过20亿泰铢营收；而在越南，我们必须从零开始。此外，柬埔寨并非小国，它拥有约2000万人口，是一个具发展潜力的市场。”

根据星狮2025财政年第二季财报，该公司中南半岛业务涵盖泰国、柬埔寨与寮国共录得约5亿5600万令吉的营收。公司在2024年投资约1亿7950万令吉于柬埔寨新厂房建设，并已签署约1850万令吉的土地租赁协议，预计2026年首季投产。

放眼金马士乳牛场3至5年收支平衡
另一方面，林友和透露，星狮耗资18亿令吉兴建的金马士乳牛场已投入运作，目标在3至5年内达至收支平衡。

2 months ago

他指出，影响收支平衡的关键的因素是饲料成本。若能将饲料成本控制在目标水平，将有利于更快达成收支平衡，并加速扩充乳牛数量；反之，则需依赖自养小牛成长，拉长收支平衡的时间。

另外，公司首阶段资本开销中，约6亿令吉是用于基础建设，首批牛只采购成本则低于1亿令吉。

目前，乳牛场首阶段目标是养殖1万头乳牛，而达致收支平衡所需的规模为2万头产奶牛。为了加快产能提升，公司引入怀孕母牛以缩短投入生产的时间。

“通常一头母牛一生可生产2至4胎，因此我们选择购买怀孕母牛，比如怀孕5至7个月的母牛，以确保抵达牧场后不久即可产奶。”

至于牛只死亡率，林友和表示：“我们在牛舍舒适度及健康管理方面投入大量资源，包括安装大型风扇、喷雾冷却系统、优化休息环境等，有助延长牛只寿命与产奶期，预期死亡率将维持在低水平。”

扩大玉蜀黍种植面积
关于饲料自给问题，他指出，玉蜀黍占整体饲料的40％，公司正扩大种植面积，争取在2026年前实现玉蜀黍的全面自给。在此之前，仍需从外部采购。

与此同时，星狮也正按计划推进槟城新饮料工厂的启用，预定在2025年8月投产，目标是提升北马市场的服务效率。该厂将生产碳酸饮料和饮用水，以降低对沙亚南工厂的负担。

2 months ago

Yes, receive dividend on 30. Later go makan seafood

1 month ago

enigmatic [bamboo investing style]

Wonder got another dividend declaration in the next quarter or not ...

1 week ago

It is interesting to compare whether 1 year from now, whether DLADY or F&N performs better. (DLADY RM29.14 & F&N RM 29.06)

F&N seems like a safer bet, with a regional presence compared to dlady's local market. Steady sustained growth from F&N means entering KLCI may not be too far-fetched in the coming years.

Either way, I have best of both worlds.

3 days ago