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F&N (3689) : FRASER & NEAVE HOLDINGS BHD
ILoveDividend
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Posts: 521
Joined: Dec 2011		 10 Jan 2012, 01:29 PMPost #1
drool連續11年刷新營業利潤花莎尼唱豐收
投資致富 2012-01-08 19:06

正當全球經濟繼續受到由傳統優勢市場崩潰而引發的金融市場威脅之際，在中國與印度經濟蓬勃發展下受惠的東盟區域，經濟繼續取得不錯成長率。

在馬來西亞，公共領域投資的增加，加上政府推動各項措施，打造高收入經濟，促使經濟平均成長達到4.5%。在泰國，國內需求提高，消費與投資都在高農業收入、高就業率、蓬勃消費市場以及商業信心高企的推動下，全年持續走強，直到2011年10月水災侵襲該國才放緩。

對花莎尼控股（F&N,3689,主板消費品組）而言，2011年又是另一個豐收年，集團保持出色的表現，達到雙位數成長，創下連續11年刷新營業利潤的紀錄。

汽水和乳製品這兩項核心業務的收入，比上個財政年增加了8%，達到39億令吉；營業利潤也飆升14%至4億4千400萬令吉，稅後盈利則增長20%至3億6千900萬令吉。

汽水部的收入在過去一年來上升16%，乳製品部整體成長2%，其中泰國乳製品部出現全面成長，收入上漲13%，不過馬來西亞業務則因為物價上漲必須吸納更高的成本，因此出現萎縮。

集團脫售Brampton控股有限公司以及出售八打靈再也玻璃廠土地的收入，讓房地產部的收入增加至3千700萬令吉。

派息總額料達67仙

基於我們的表現再創新高，董事部建議派發每股47仙的單層股息，連同一項特別的15仙單層股息。若接下來的股東大會批准這項建議，所派發的普通股息總數將達到67仙。

另外，特別股息的總數則是30仙，包括脫售Fraser商業園發展計劃和玻璃廠土地的所有收入，集團在去年脫售玻璃容器業務後，同樣派發了1令吉10仙的特別股息，高股息反映董事部對集團未來的表現有信心。

集團將繼續加倍努力，把握新的成長機會，謹慎地管理資金流動，以便為股東帶來更高回酬。

股東們可能注意到，在上個財政年裡，我們的股價上升了2令吉4仙，從2010年9月30日的14令吉46仙提高至2011年的16令吉50仙。

集團耗資3億5千萬令吉的英達島乳製品廠房，已經在興建中，並達到預期的進度，料將在2012下半年全面投入生產。英達島的廠房模仿Rojana廠房所取得的成就，具有各種創新的綠色工藝，在用水、能源與環保方面都有顯著的效益。

一旦英達島廠房竣工，再加上Rojana廠房的運作，花莎尼將晉身全球最大的罐裝牛奶製造商之一。

當公司的財政年在2011年9月30日結束時，與可口可樂公司73年的合作關係，也在友好情況下結束。

積極推動核心產品銷售額

展望未來，集團的焦點是積極推動現有核心產品的銷售額，並推出新產品來爭取忠實顧客與消費者。

為了做好面對挑戰挑戰，公司已在沙亞南投資一個三合一的單座苯二甲二乙酯（PET）生產線，以及兩個tetrapak包裝生產線。

東馬的亞庇廠房已重新啟動，並安裝一個PET生產線，以迎合東馬顧客的需求；此外，我們也在深化與擴大分銷與營銷網絡和管道，通過合作與擴展至新市場建立策略性聯繫。在上個財政年簽署的紅牛特許經營權就是其中一項成功決定。

花莎尼集團向來瞭解我們對營業地區的環境與社區責任，致力於環保一直是業務的一部份，我們已在業務運作採納許多節約用水與能源的措施。集團也致力於建立長期的永續價值，並利用其品牌為消費者與社區帶來正面影響。

展望及前景

歐洲經濟不明朗，預料將阻礙本區域經濟成長，原料價格波動料將打擊食品與飲料業士氣，馬來西亞政府削減津貼的措施將提高原產品價格，預料將導致集團關鍵市場可支配收入受到影響。

我們對大馬與泰國業務展望保持謹慎樂觀，英達島廠房啟動有助滿足國內與區域需求，泰國方面，將把重點放在洪水消退後的修復工作。

至於汽水業務，我們正在重組資源，以面對不斷變化的競爭局面，以及生產量下調的情況，集團將不斷追求創新的銷售和營銷方式，並利用成熟的分銷網絡與市場地位，確保有效的成本控制，包括生產、運作和原料的管理。

Forum | MalaysiaStock.Biz
kkchong
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Joined: Jan 2012		 14 Jan 2012, 06:15 PMPost #2
失可樂業績受衝擊‧花莎尼尋區域併購良機
大馬 2012-01-14 13:57

（吉隆坡13日訊）花莎尼控股（F&N,3689,主板消費品組）失去可口可樂代理權後，雖然將影響本財政年業績表現，但將積極在本區域尋找併購良機，以彌補此利空打擊。

該公司首席執行員拿督黃維聲在股東大會後表示：“除了提昇生產效益，我們也期望透過收購計劃來抵銷此負面影響。”

可口可樂和雪碧合約佔軟性飲料的26%銷售。

他說，公司持有充裕的現金，且負債比不高，有能力展開收購計劃，並形容花莎尼是國內“小鍋中的大魚”，只有向外延伸觸角才能促使業務更上一層樓，惟不願透露是否正與潛在併購對象洽談。

“我們的業務已擴展至泰國、新加坡和汶萊，而且我們也可以將英達島廠房作為清真食品的據點”。

他指出，原料價格上漲是業務的重大挑戰，奶粉和糖價仍相當波動，加上政府逐步削減津貼，進而打擊食品與飲料業務的士氣。

“當然，全球局勢不穩定，且國內餐飲業競爭擴大，都潛在威脅公司的表現。”

儘管如此，黃維聲對大馬和泰國的業務保持樂觀，旗下品牌地位強穩，特別是奶製品更起著舉足輕重的角色，而且英達島產房落成後，奶製品的產量和市佔率將會上漲。

目前花莎尼的產品比率中，軟性飲料佔盈利的60%，而奶製品則佔有40%，但在失去可口可樂代理權後，軟性飲料的貢獻將會下降。

針對早前洪水蹂躪的泰國廠房，他透露，廠房營運已逐漸恢復，預計在4月前全面投產。

“由於泰國業務受水災影響，因此首季奶製品的貢獻將滑落。”

另一方面，花莎尼今天也舉行股東特大，通過與星獅旗下地產商聯營發展八打靈再也現有的廠房地庫，打造總值16億令吉的綜合產業發展計劃，包含酒店、購物中心、零售單位和住宅產業。

上述計劃料耗時10年，因此將陸續作出盈利貢獻，而公司首階段已透過注資行動取得5千465萬令吉收益。

不過，黃維聲表示，食品業務仍是核心業務，產業僅起輔助作用。（星洲日報／財經）

http://biz.sinchew-i.com/node/55908
ILoveDividend
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Posts: 521
Joined: Dec 2011		 03 Feb 2012, 05:39 PMPost #3
OMG. Very bad result. Is this the first result without coca-cola? Pray hard. sweat
kkchong
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Posts: 62
Joined: Jan 2012		 03 Feb 2012, 08:18 PMPost #4
This time really no eye see lo... Defenitely will drop kao kao next week. cry
ILoveDividend
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Joined: Dec 2011		 04 Feb 2012, 10:49 AMPost #5
F&N Q1 profit falls sharply on loss of Coca-Cola business, Thai floods

PETALING JAYA:Fraser & Neave Holdings Bhd’s (F&N) net profit for its first quarter ended Dec 31, 2011 plunged 61% to RM41.75mil from RM107.08mil in the previous corresponding period, mainly due to the loss of the Coca-Cola business and operating losses arising from the Thailand floods last year.

“Following the expiry of the transition agreement with The Coca-Cola Co on Sept 30, the group no longer distributes Coca-Cola products effective this financial year,” F&N told Bursa Malaysia yesterday.

Revenue slipped to RM743.30mil in the first quarter of fiscal year 2012 from RM1.03bil a year earlier, while earnings per share was at RM11.60 versus RM30 previously.

Excluding Coca-Cola’s revenue contribution of RM134mil last year, F&N said revenue was down 17% mainly due to the negative impact of the floods in Thailand in spite of an increase of 9% in soft drinks revenue, on account of higher sales of FN Fun Flavours, Redbull, the recently launched Zesta and Clearly Citrus, sales to the additional territory of Brunei and contract packing for export to its related company in Singapore.

An analyst from a local bank-backed brokerage said F&N’s first quarter earnings were within expectations.

“The lower earnings were expected as the loss of the Coca-Cola business, which contributed about 30% to F&N’s earnings would have an immediate impact on the company,” he said.

Another analyst has similar sentiments about F&N’s first quarter earnings, saying that its dairy division has taken a beating due from the disruptions caused by the Thailand floods.

“F&N’s flood-hit dairy plant in Rojana, Thailand will only be fully operational by April, hence earnings from its dairy division will only expected after that period,” she said.

According to reports, the company’s dairy division accounts for about 40% to its total business, while the bulk of its earnings is from its drinks division.

On the prospects of its outlook, F&N said the regional economy and consumer sentiment over the next few quarters may be negatively impacted by the unfolding financial crisis in the eurozone.

“Any slow down in demand will lead to more intense competition in the market place.

“These external forces coupled with the volatile raw material input costs are expected to continue to exert pressure on operating margin.

“The group’s sustained effort and investment to strengthen distribution, brand equity, broaden product range and improve operating efficiency will alleviate the negative impact of these external forces,” it said.

http://biz.thestar.com.my/news/story.asp?file=/2012/2/4/business/10675962&sec=business

blood bath next week? sweat
kkchong
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Posts: 62
Joined: Jan 2012		 10 Feb 2012, 01:33 PMPost #6
Suprisingly it did not drop much. Do you guys think it is worth to hold it?
kentan
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Posts: 4
Joined: Feb 2012		 10 Feb 2012, 09:46 PMPost #7
I hold this counter since year 2008.really trust they will solve the problem in future.maybe 1-2 year.very strong management team!
kentan
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Joined: Feb 2012		 10 Feb 2012, 09:46 PMPost #8
I hold this counter since year 2008.really trust they will solve the problem in future.maybe 1-2 year.very strong management team!
Jacky
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Joined: Dec 2011		 11 Feb 2012, 08:42 PMPost #9
I hold this counter since year 2008.really trust they will solve the problem in future.maybe 1-2 yea...kentan @ 10 Feb 2012, 09:46 PM

Woh...It must be below Rm5 then. Good entry price. thumbup
Destiny
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Joined: Dec 2011		 16 Mar 2012, 12:40 PMPost #10
I buy half lot at 17.900... Aimin it will back at rm20 toowubthumbup
Investor101
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Joined: Feb 2012		 05 Aug 2012, 11:08 PMPost #11
Recent price hike due to strong interests between Thai Billionaire of Thailand, Heineken of Dutch and Kirin of Japan to increase their stakes in APB and FNN, while Coke is thinking of renewing the contract
LCCHONG
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Joined: Jan 2014		 16 Nov 2014, 11:43 AMPost #12
F&N analysis - http://lcchong.wordpress.com/2014/11/16/fn-fundamental-analysis-16-nov-2014/
erkongseng
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Joined: Mar 2014		 10 May 2016, 04:22 PMPost #13
rolleyes

3689 F&N 星獅控股 Rm23.42 buy in--
right rm 30,bonus stand by.
浅谈3689 F&N 星獅控股Q2业绩--
A)于3月杪次季，净利涨28.49%，
当季净赚9057万令吉或每股净利24.7仙，超越上财年同季的7049万令吉。
营业额扬6.31%，从上财年同季的9亿3989万令吉，走高至9亿9917万令吉。
当季净利和营业额录得增长，归功于大马与泰国的饮食业务税前盈利，分别按年升39.5%及92.5%.
公司宣布派息27仙，将在6月15日支付。
合计上半年，净利涨72.5%，至2亿4223万令吉或每股净利66.2仙；
同期营业额录得20亿5247万令吉，按年升3.86%。
针对星狮2016上半年的大马业务表现落后于泰国，林友和表示，这是马来西亚星狮失去红牛代理权所带来的影响。
至於如何填补失去红牛的盈利空缺，他表示，短期內公司將主打其他非能量饮品来填补红牛的销售额，
长期来说，星狮將寄望于旗下新能量饮料品牌Ranger的成长。
B)于31-3-2016公司现金有4.61亿,债务为4.09亿,净现金为5182万,相等于每股14.1 仙
C)于30-11-2015 的30大股东持有342005,000股(93.306%),总股数为366780,000股
首3位大股东己持80.46%,它是;
1)fraser and neave,limited 55.5%
2)skim amanah saham bumiputera 16.7%
3) Employees Provident Fund Board 8.26%(4-5-2016)
D)大馬及泰國的乳製品將會是星獅發展的主要催化因素。與雀巢母公司的康乃馨（Carnation）、
小熊（Bear Brand）品牌的經銷權合約將延期至2037年，這將會是星獅加強區域內足跡的主要因素。
E)星獅作為新，馬，泰市場佼佼者，133年來與民生活同在，期在業務與品牌繼續茁壯成長，深化、廣化至所有市場。
產品出口至超過48個國家，在未來5年內提高至10%，將出口營業額至約5億令吉。
F)从公司的增长潜力与优良的品牌,f&n将会是下一个的nestle或dlady.
个人整理,只供参考.
YAPSS
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Posts: 202
Joined: Mar 2019		 19 Apr 2020, 04:16 PMPost #14

YAPSS Quick Summary and Free 10 Years Financial Data of Fraser & Neave Holdings Berhad:
https://www.yapss.com/post/fraser-neave-holdings-berhad-f-n-3689
i4value
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Posts: 598
Joined: Aug 2020		 26 Mar 2025, 04:57 PMPost #15

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

 
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yeah doh drool lol mad notworthy question rant rolleyes sad shutup shy smile star sweat thumbup wub cry

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