【F＆N 3689 交流专区】星獅控股

Mr.Business

新闻。

One brand for all F&N products
By Vasantha Ganesan


FRASER & Neave Holdings Bhd unveiled a new brand identity for its food and beverage products, which unifies its various brands under a single banner -the popular F&N name.

"For the past 18 months to two years we have been working on unifying all our brands under one umbrella. Not many realise that Magnolia, Seasons and Fruit Tree are under F&N," its chief executive officer Tan Ang Meng said.



It will also use the 125-year-old F&N label to build the regional identity of its food and beverage business.

Apart from its strong footing in Malaysia and Singapore, the company derives about RM600 million in annual sales from Thailand and hopes to grow further in Indochina and Myanmar.

"Today, 35 per cent to 40 per cent of our revenue is from abroad," he said, adding that this compares with two years ago when 90 per cent of its business was from Malaysia.

Tan was speaking to reporters yesterday following the launch of the new brand identity with the tagline "healthy enjoyment in exciting ways".

It will spend some RM2 million over the next six months for advertising and promotion.

The F&N group, which posted RM2.87 billion in revenue in the year ended September 30 2007, derives 85 per cent of its business from food and beverage. The rest comes from its glass packaging and property segments.

Meanwhile, Tan said F&N will not raise the price of its products this year.

He said that the price of skim milk powder has already fallen to about US$3,700 (RM11,840) per tonne, from about US$5,000 (RM16,000) per tonne in the fourth quarter of 2007.

Last year, it increased the price of condensed milk by 40 sen per can and its dairy products by 20 per cent to 30 per cent.

F&N leading brands include F&N Sweetened Condensed Milk (over 60 per cent market share), 100PLUS (over 90 per cent) and F&N Fruit Flavoured Carbonated Soft Drinks (64 per cent).

scsiang82

Monday June 9, 2008
F&N expands in Asean

THE CEO INTERVIEW: By ELAINE ANG


FRASER and Neave Holdings Bhd (F&N) is expanding its footprint in the Asean region and has set in motion a plan to become a regional food and beverage player to be reckoned with.

The group started the ball rolling by acquiring Nestle (M) Bhd’s canned milk business in Thailand last year.

This was a strategic investment for F&N as it provided the group with quick access to the Thai market and made it one of the top five non-alcoholic food and beverage companies in the country and the largest canned milk producer in South-East Asia.

The acquisition also enabled F&N to gain entry into the largely untapped markets of Indochina (including Thailand and Myanmar) with a total consumer base of about 224 million.


Tan Ang Meng with some of the group’s products.

As part of its regional aspirations, the group recently launched a new corporate brand to unify the soft drinks and dairy brands, thus enabling consumers anywhere in the region to distinguish the group’s many brands as being a part of the F&N group’s range of products.

Chief executive officer Tan Ang Meng sees a major thrust into Indochina and Thailand for the group in the coming years.

“About 68% of revenue came from Malaysia for the year ended Sept 30, 2007, compared with about 86% five years ago. We have doubled our contribution from overseas during the period and this will continue to grow.

“We expect overseas revenue to contribute 50% of total revenue in the next five years. Going forward, we see ourselves as a regional player that’s very focused on Indochina and Malaysia,” he said.

He added that the group had also been eyeing Indonesia for a long time but “there has not been a right opportunity and vehicle” to gain a foothold in the market.

Tan said F&N’s goal was to exceed RM5bil in group revenue and RM450mil in group profit before interest and tax in the next five years.



Tapping the regional market is nothing new to F&N as its glass division has plants throughout the Asian region – in Johor Baru, Bangkok, Ho Chi Minh City and Chengdu. F&N Glass has a 65% market share in Vietnam and is a small player in Thailand.

Tan said F&N Glass was now vying for a share of the higher-end glass container business as well as assignments from major customers in the Asia-Pacific region.

The Indochina factor

According to Tan, the exciting thing about the business F&N bought from Nestle is the availability of popular ready to drink (RTD) products such as the Bear brand range which command better margins.

Bear, Carnation and Milo UHT are recognisable brands in Indochina and this is where Tan sees the group’s main area of growth will be.

“The Indochina market – Vietnam, Cambodia, Laos and also Myanmar – is still relatively untapped and the brands are not fully developed there.

“Our first priority is to launch the big brands such as Bear, Carnation and Milo UHT. Then we will piggy back on those brands with others such as Magnolia, F&N and Fruit Tree,” he said.



The group has launched the Magnolia and Teapot brands in Thailand, where it is more established.

F&N, which turned 125 this year, will be spending RM430mil to build a new milk factory in Pulau Indah, Klang, to increase the capacity for local and Asean markets and another factory near Bangkok to cater for the Indochina and Thai markets.

The factories are expected to be ready in two years.

Volume game

The recent hikes in fuel price and electricity tariff have made it even tougher for F&N to avoid a slowdown in sales and erosion of profits especially in the domestic market.

“Everybody is facing inflationary pressures. The good thing about our business model is that our unit cost and selling price per unit are low. About 90% of our products are sold at under RM3 per unit.

“Moreover, our products are for day-to-day consumption. Come what may, we will still have to eat and drink. That will help insulate our business,” Tan said.

To mitigate the rising costs of raw materials, the group increased the price of soft drinks by 10 sen per can in May last year while the selling price for milk products rose 25%.

On further price increases, Tan said the group had no plans to increase selling prices this year.

He said F&N’s business philosophy was to increase sales as volume was the name of the game.

“We are in a volume business. We have to sell millions and millions of cans to make the money that we are making. Our primary focus is to sell more cans rather than try to increase the price of the cans.

“We would rather make less per can and sell three more cans than for people to drink three cans less,” he said.



To boost sales, the group is also trying to widen the application of its dairy products in food preparation via promotions and campaigns.

In the pipeline is also the development of a full range of products under a different branding and focused on a more healthy and wholesome angle.

Soft drinks – the superstar

F&N’s most profitable division has a 60% to 70% share of the drinks market.

Despite being the market leader, Tan stressed that F&N was not “standing still” but working hard to activate and push the market.

“We have to create the market. Soft drinks are impulse products – festive and activity-driven. Our plan is to have more access points – invest in more refrigerators, coolers, merchandisers and promotion activities.

“We have to increase our touch points with consumers. We have 65,000 outlets in our access database and we want to hit 100,000 outlets (new and existing) in five years,” he said, adding that the group invested in 7,000 to 8,000 new coolers every year for its outlets.

Tan expects more people to move to ready-to-drink (RTD) packs as the economy becomes more developed and consumers become more conscious of product hygiene and quality.

“Our consumption of RTD packs per capita is low even compared with Thailand because we have a strong tradition for home brews and teh tarik.

“However, we see per capita consumption rising with a younger and more informed population,” he said.

Property developer

The group’s property division, which started four years ago, has been showing commendable results. Its maiden property project, Fraser Business Park, was a big hit. Phase 1 is sold out and recorded a pre-tax profit of RM65mil. Phase 2, currently under construction, has a gross development value (GDV) of RM350mil and is 60% sold.

Tan said the group signed a 15-year lease agreement with HELP University to set up its city campus there.

“The campus will have about 6,500 people and this will bring a lot of life, commercial activity and critical mass for the success of the development,” he added.

As the group would be re-locating its dairies plant in S13, Petaling Jaya, to Pulau Indah, the prime ex-factory land would be ready for development in three to four years.

“It will be a mixed commercial and residential development and the GDV could exceed RM1bil,” Tan said.

The project as well as the planned Ampang serviced apartments, Kajang residential project, Tebrau commercial development and Fraser Business Park Phase 3 boutique office development are expected to sustain the property business and contribute positively to the group in the next five years.

Dividend play

An analyst with a local stockbroking firm sees F&N as a defensive stock with good dividends and a growth story.

“All its divisions are doing well. More growth should come from its overseas market as the group seems to have the lion’s share of the domestic market already,” he said.

Nevertheless, the analyst cautioned that consumer demand was expected to fall with the recent fuel price hike as consumers needed time to adjust.

The group had a strong first half-year ended March 31, 2008, with net profit rising 24.4% to RM92.4mil while revenue jumped 44.6% to RM1.81bil.

“We hope the first half will see us through to the second half, which could be a bit more challenging and difficult as growth may not be as robust due to rising costs and the economic situation,” Tan said.

That said, Tan is confident that revenue would be able to surpass the RM3bil mark easily. He also expects the group to continue with its dividend policy of distributing 50% of net profit to shareholders.

In the past five years, investors have been rewarded with dividend payouts of about 80% of net profit.

http://biz.thestar.com.my/news/story.asp?file=/2008/6/9/business/21467933&sec=business

[ 本帖最后由 scsiang82 于 9-6-2008 03:10 PM 编辑 ]

怪侠一枝梅

Icapital投资组合的其中一个。。。
不知陈鼎武卖了吗？
我觉得它是续PPB，GENTING，PBB之后的五星级股票之一。

傻人最有傻福

花莎尼今明年財測保持
花莎尼控股截至首9個月凈利在市場預期內，分析員認為，通膨壓力是最隱憂，因為會影響消費情緒，沖擊該公司表現。
該公司首9個月淨利漲23.2%至1億3210萬令吉，第3季的凈利下滑17.2%，主要因前一季度的佳節效應。汽水業務滑瀉18.3%，但泰國奶制品業務轉佳抵銷部份的不利沖擊，玻璃業務則挺漲28.1%，托泰國廠房產能提高價格普遍調高所致。
達證券表示，今年9個月的突出表現，歸功於奶制品及玻璃罐裝業務，佔集團營收的逾65%。花莎尼控股的FRASER PARK第二期計劃之產業也取得800萬令吉的營收。
但今年下半年或面對消費開銷減退的沖擊，因燃油高漲導致凈可分配收入減低。
亞歐美透露，通膨壓力是該集團的隱憂，泰國的新廠創業資本和高能源成本及消費士氣減弱，導致第三季度的玻璃包裝對營運盈利的賺幅貢獻減低，惟新廠房進入第2年的營運，生產效率預計改善，產業貢獻預計會因為產業市場走軟而下滑。
大馬研究對此股今明年的凈利預測分別保持1億6700萬令吉及1億7千900萬令吉，盡管該集團在現有艱巨環境營運，但該行鐘愛此集團強勢的品牌及分銷網絡。
“其產品需求或保持靈活性，主要拜其紓緩計劃和其特別促銷計劃所賜，以確保其產品的消費穩定。”
聯昌表示，花莎尼控股在9個月營運盈利，估計13%來自玻璃業務，中國是重要的市場，鎖定高檔領域，迎合主要釀酒廠的需求，有利的營運市場和售價的改善，相信玻璃業務在中國的三條新生產線開始投入商業生產使它受惠。
經紀簡評-花莎尼控股
達證券
建議：售出
目標價：9令吉
聯昌研究
建議：低於大市
目標價：8令吉       
亞歐美研究
建議：買進
目標價：10令吉
大馬研究
建議：持有
目標價：9令吉30仙

大理石

星獅控股
第三季淨利揚20%
（吉隆坡10日訊）星獅控股（F&N，3689，主板消費）各業務表現提升，第3季營業額按年揚升8.4%，淨利則大增20%，報3966萬令吉。

該公司向馬證交所報備指出，汽水部門因高需求走高，以及在去年5月調整售價，營業額揚升7%。

“乳製品部門營業額增加5%，核心市場大馬及泰國皆錄得銷售增長。”

文告指出，第3季營運盈利上升18%。

星獅控股首3季累積營業額報26億9223萬令吉，上漲30%，淨利揚升23%，達1321萬令吉。

展望未來，該公司指出，政府顯著削減燃油補貼將減少一般消費者的可使用收入，並增加公司營運成本，繼而打擊銷量及賺幅。

不過，由于旗下產品屬必須品，加上價格可負擔，將可迎接現有挑戰。

星獅控股也計劃減少營運成本並舉行促銷，以維持市場消耗量。

平凡的小人物

FRASER & NEAVE HOLDINGS BHD (3689.KL)
RICES
Date        Open        High        Low        Close        Avg Vol        Adj Close*
Aug-08        8.90        9.00        8.85        8.95        41,500        8.95
Jul-08        9.00        9.05        8.75        8.90        113,400        8.90
Jun-08        9.05        9.10        8.80        9.00        128,700        9.00
May-08        8.35        9.05        7.95        9.00        71,400        9.00
Apr-08        7.85        8.40        7.80        8.35        51,900        8.35
Mar-08        7.80        7.85        7.55        7.85        95,100        7.85
Feb-08        7.75        7.85        7.60        7.80        73,800        7.80
29-Jan-08        $ 0.30 Cash Dividend
Jan-08        7.95        8.25        7.50        7.75        94,400        7.75
Dec-07        7.75        8.00        7.70        7.95        26,200        7.64
Nov-07        7.70        8.00        7.60        7.85        58,900        7.55
Oct-07        8.05        8.10        7.50        7.70        32,300        7.40
Sep-07        7.10        8.15        7.10        8.05        117,300        7.74
Aug-07        7.35        7.40        6.75        7.10        67,200        6.83
Jul-07        7.35        7.65        7.35        7.35        78,000        7.07
Jun-07        7.35        7.40        7.05        7.35        48,800        7.07
May-07        7.30        7.50        7.20        7.35        114,500        7.07
Apr-07        7.40        7.40        7.10        7.30        106,300        7.02
Mar-07        7.10        7.35        6.70        7.35        131,400        7.07
Feb-07        7.30        7.50        6.10        7.20        198,900        6.92
Jan-07        7.55        7.70        7.20        7.30        183,600        7.02
Dec-06        7.25        7.85        7.10        7.55        141,100        7.26
Nov-06        6.50        7.30        6.40        7.20        247,800        6.92
Oct-06        6.15        6.65        6.10        6.50        142,500        6.25
Sep-06        6.10        6.25        6.10        6.20        45,400        5.96
Aug-06        6.15        6.20        5.90        6.10        54,300        5.87
Jul-06        6.10        6.30        6.10        6.10        26,600        5.87
Jun-06        5.95        6.10        5.75        6.10        59,700        5.87
May-06        6.25        6.45        5.85        5.90        86,800        5.67
Apr-06        6.00        6.50        5.95        6.25        68,300        6.01
Mar-06        6.10        6.20        6.00        6.00        83,300        5.77
Feb-06        6.20        6.25        6.05        6.10        51,600        5.87
18-Jan-06        $ 0.28 Cash Dividend
Jan-06        6.20        6.55        6.10        6.20        65,600        5.96
Dec-05        5.85        6.30        5.85        6.20        92,900        5.70
Nov-05        5.40        5.95        5.40        5.85        82,300        5.38
Oct-05        5.50        5.60        5.35        5.40        54,200        4.97
Sep-05        5.35        5.55        5.35        5.55        47,600        5.11
Aug-05        5.45        5.70        5.35        5.40        52,600        4.97
Jul-05        5.10        5.45        5.10        5.45        163,700        5.01
Jun-05        5.15        5.35        5.10        5.10        85,100        4.69
May-05        5.10        5.50        5.10        5.15        34,000        4.74
Apr-05        5.15        5.25        5.10        5.10        105,800        4.69
Mar-05        5.10        5.25        5.05        5.15        102,700        4.74
Feb-05        5.10        5.15        5.00        5.10        95,000        4.69
Jan-05        4.96        5.35        4.96        5.10        93,800        4.69
Dec-04        4.90        5.00        4.80        5.00        162,000        4.60
Nov-04        4.30        5.10        4.30        4.90        126,200        4.51
Oct-04        4.18        4.46        4.18        4.46        86,500        4.10
Sep-04        4.26        4.28        4.10        4.16        105,700        3.83
Aug-04        4.16        4.26        4.12        4.26        38,500        3.92
Jul-04        4.18        4.22        4.16        4.16        47,600        3.83
Jun-04        4.22        4.24        4.06        4.18        26,900        3.85
May-04        4.20        4.24        4.00        4.22        28,700        3.88
Apr-04        4.20        4.38        4.14        4.20        38,600        3.86
Mar-04        4.36        4.40        4.10        4.20        64,600        3.86
Feb-04        4.12        4.50        4.04        4.36        36,800        4.01
Jan-04        4.00        4.20        3.98        4.12        18,600        3.79
Dec-03        3.84        4.06        3.84        4.00        25,200        3.68
Nov-03        3.68        4.00        3.66        3.84        37,700        3.53
Oct-03        3.46        3.70        3.46        3.64        48,600        3.35
Sep-03        3.60        3.60        3.44        3.48        46,500        3.20
Aug-03        3.66        3.70        3.46        3.60        36,400        3.31
Jul-03        3.54        3.68        3.54        3.66        44,600        3.37
Jun-03        3.58        3.62        3.36        3.52        32,800        3.24
May-03        3.24        3.72        3.20        3.54        30,500        3.26
Apr-03        3.14        3.28        3.10        3.24        16,500        2.98
Mar-03        3.20        3.24        3.10        3.14        23,300        2.89
Feb-03        3.20        3.20        3.20        3.20        10,000        2.94
* Close price adjusted for dividends and splits.

平凡的小人物

Year                                2003('000)       2004 ('000)         2005 ('000)         2006('000)          2007('000)  
                                       
Revenue/Turnover        1,611,119         1,728,054          1,935,106            1,943,630           2,865,068
Cost of sales                (1,147,243)       (1,253,148)       (1,410,835)        (1,410,195)          (2,074,191)
Gross Profit                      463,876           474,906                524,271            533,435              790,877
Profit before tax               122,794           157,066                183,751            194,186                220,905
Net Profit                           83,950             116,422                131,950            153,582                 165,577
                                       
Current ratio                         2.17                   2.32                       2.47                  2.49                       1.43
Acid test                                1.56                  1.67                        1.64                  1.76                       0.87
ROE                                       0.08                  0.10                        0.11                  0.12                      0.13
Gross Profit Margin              0.08                  0.09                        0.09                  0.10                      0.08
Net Profit Margin                   0.05                  0.07                        0.07                  0.08                      0.06
Annual Revenue Growth Rate (%)         5.86%               7.26%                    11.98%             0.44%                  47.41%
Annual Profit Growth Rate (%)            -4.30%               38.68%                   13.34%            16.39%                7.81%
Total Debt To Equity Ratio (%)             0.48                   0.43                        0.41                  0.40                      0.92

傻人最有傻福

想要证明什么？？？

有目标的大头

股价已经是8.95，希望还可以下一点点。

傻人最有傻福

F&N: Record profit  for 8th year running

Fraser & Neave Holdings Bhd (3689)(F&N)has reported its eighth consecutive year of record revenue and profit.It posted a 9.1 per cent increase in net profit to RM166.84 million forthe year ended September 30, on a 25.3 per cent jump in revenue toRM3.59 billion. Chief executive officer Tan Ang Meng said the overall performancewas better than expected, despite the challenging cost environment andweaker consumer sentiment in the core markets of Malaysia and Thailand.

Earnings per share improved to 46.8 sen from 42.9 sen per share before.

Directors have recommended a final dividend of 30 sen gross (22.5 sennet) per share, which would bring total dividend for the year to 40.08sen compared to 34.20 sen paid last year, an increase of 17.2 per cent.

  In a statement, Tan said all core food and beverage business divisions registered double-digit growth during the year.
The dairies division incorporated the full-year results of the acquireddairies business from Nestle as well as volume growth in Thailand.Operating margins in the dairies and soft drinks divisions were alsomaintained despite rising costs, he said.

"The glass division achieved higher revenue thanks to the new capacityin Thailand and higher selling prices from all other plants. In spiteof the higher input and energy cost as well as the negative impact ofthe Sichuan earthquake, the division managed to register a 5.2 per centimprovement in operating profit," Tan said.

The propertydivision, meanwhile, saw a decline in revenue and operating profit dueto completion of the Phase I of Fraser Business Park and lowercontribution from Phase II.

Commenting on prospects for thecoming financial year, Tan said: "The expected slowing of the Malaysianand Thai economy will dampen consumption and intensify competition.While the prices of key raw materials are showing signs of downwardtrend, the weaker ringgit exchange rate may offset these potentialsavings."

  He expects demand for F&N products to remain relatively stable as they are daily necessities.

"The group will continue to invest to strengthen its distributionnetwork, expand cooler replacements and promote its products in orderto mitigate possible negative impact. Overall, we are cautiouslyoptimistic of the prospects for next year and will strive to sustainand build on our current performance," Tan added.


http://www.btimes.com.my/Current_News/BTIMES/articles/fn6/Article/

傻人最有傻福

70億推得動大馬經濟嗎？
●建議提高政府相關公司資本開銷，以支撐固定資本架構，抵銷私人投資領域開銷下滑尷尬。
●儘管政府宣稱今年首8個月外資流入達368億令吉，超過去年全年的334億令吉，不過仍可制定更多吸引外資直接投資政策，尤其是在旅遊業與區域發展走廊。
●國家銀行應扮演確保融資系統流暢角色，尤其是保證消費與中小企業領域信貸不會緊縮。
汽車業銷量料增
政府提高不同級別公務員的貸款頂限，讓公務員更輕易購買轎車。技術上，對汽車銷量沒有多大幫助，因為沒有推出新貸款配套，只是把貸款頂限提高。不過料普騰（PROTON，5304，主板消費品組）、合順（UMW，4588，主板消費品組）與陳唱摩多（TCHONG，4405，主板消費品組）銷量可望增加，因為許多公務員會轉換較有能力負擔的中檔車，如從第二國產車轉至普騰、普騰轉至豐田（TOYOTA）等。
銀行與金融業影響微
公積金降低繳率料可提高消費開支每年達24億令吉，雖然可望提高貸款成長，不過料僅可能推高0.3%。至於國家銀行鼓勵各銀行與借貸者重組貸款及推出微型貸款，由於許多銀行都已朝這方向努力，加上全球經濟不明朗將抑制消費信貸需求，因此影響不大。
建材業無受惠
洋灰與鋼鐵進口稅取消並無法對本地洋灰業有重大影響，主要是本地洋灰售價已經是區域最便宜，每公噸約265令吉或76美元，新加坡與泰國分別為每公噸83與102.2美元，加上區域業者也有默契維持“楚河漢界”的競爭模式，因此本地洋灰業者競爭優勢影響不大。
至於鋼鐵業者則無多大影響，影響今年5月該領域競爭已經自由化。雖然40億令吉建築領域撥款可能對建材領域有負面影響，不過料影響程度不大。
建築業受惠
政府計劃撥出40億令吉推動公共交通與其他基建，若扣除執行效率等人為因素，這項消息對建築商仍是好事。由於增設PMU來確保執行效率，料許多工程進度有望復工或加速。至於建材價格走軟將可避免建築公司賺幅受侵蝕，這可能讓許多建築公司股價回穩。
另外，政府宣佈撥款12億令吉建築2萬5千間低成本房屋，料成榮集團（MUDAJYA，5085，主板建築組）、億成控股（MELATI，5129，主板建築組）與納因控股（NAIM，5073，主板產業組）手上擁有相關計劃者可受惠。
消費業推動食品
目前全馬零售消費額每年為1000億令吉，每人相等與3850令吉。假設50%會員自願降低公積金繳率，料能增加可動用資金48億令吉，對整體消費力只佔2.4或4.8%，影響不大。
不過，公積金繳率下調料對食物業受惠最大，主要是它佔大馬家庭總開銷21.9%。受惠公司包括合成實業（CIHLDG，2828，主板消費品組）、雀巢（NESTLE，4707，主板消費品組）、
花莎尼控股（F&N，3689，主板消費品組）、子母牌煉奶（DLADY，3026，主板消費品組）、媽咪食品（MAMEE，5282，主板消費品組）、楊協成（YHS，4642，主板消費品組）與阿波羅食品（APOLLO，6432，主板消費品組）都可受惠。
在零售領域方面，由於獲准延長營運時間，料霸級市場如特易購（Tesco）、家樂福（Carrefour）、巨人（Giant）、永旺（AEON，6599，主板貿服組）等營業額都有望增加。

maxwind80

（吉隆坡19日訊）星獅控股（F&N，3689，主板消費股）去年面臨的一連串不幸遭遇還未宣告終止，今年初發生的以巴衝突，導致國內醞釀抵制美國貨，讓生產可口可樂的星獅控股再度無法獨善其身。

惟，分析員認為，星獅控股遭受的衝擊不大，因為這只是暫時性的現象。

去年接二連三的負面外圍因素，如四川大地震、越南面臨金融危機、泰國政治不穩定、令吉走軟，都對星獅控股造成一定程度的負面影響。

然而，這一連串的不幸遭遇還未結束，該集團在今年初又受到以巴衝突所影響，因為大馬開始醞釀抵制美國貨。

在這樣的情況下，達證券分析員指出，生產玻璃裝可口可樂的星獅控股將會受到影響，不過，相信影響程度不大，因為抵制美國貨的行動，料只是短暫的現象。

他稱，更何況，星獅控股已將其業務多元化，涵蓋汽水、乳製品、玻璃瓶包裝和產業。

「儘管目前的經濟環境對星獅控股形成一股巨大威脅，惟，我們認為，餐飲業將能抵禦衝擊。」

泰國業務表現良好

他說，在之前的分析報告中，已經提及汽水和乳製品的需求不會顯著下跌。回顧星獅控股在泰國的乳製品業務，其08年第四季的表現良好，營業額取得雙位數成長，即25.7%，淨利則按年增長9.1%。

鑑於此，他對該集團在今年首季或取得較低成長的表現，並不會不感意外。

針對該集團的產業業務，分析員表示，據瞭解，星獅控股的Fraser Business Park PhaseII計劃已售出55%至60%。該工程目前已完成50%，並且預計在今年杪完成。

另一方面，其Ampang Hilir計劃仍未有任何進展，他認為，其管理層正等待重新推出該計劃的好時機。

由於該集團還未公佈09年首季業績表現，分析員維持該股8令吉的目標價格，並繼續建議「沽售」該股，因為其股價已經全面反映其價值。



ThermoFisher

星獅控股
淨利年增14.4%

（吉隆坡11日訊）截至2008年12月底首季，星獅控股（F&N，3689，主板消費）營業額微揚2%至9億1777萬令吉；淨利按年增14.4%報5095萬令吉。

期間每股盈利報14.30仙，去年同期為12.50仙。

星獅控股說，佳節激勵軟性飲料銷量增，營運盈利在核心業務帶動下增13%。

此外，泰國新廠房的高收入和產能，也提高玻璃業務營運盈利。

展望未來，星獅控股預測我國和泰國經濟前景將衝擊消費支出，但強調公司產品屬日常所需，且價格不高，影響程度相對低。

另外，令吉和泰銖走貶，將稀釋生產原料成本下滑的利好。

ThermoFisher

可樂裝瓶行銷業務
星獅控股未獲續約

（吉隆坡18日訊）星獅控股（F&N，3689，主板消費）指出，可口可樂公司（Coca-Cola）不更新將在2010年1月26日屆滿的裝瓶與行銷合約。

星獅控股向馬證交所報備說，合約不獲得更新，將對2010年盈利構成“具體”（material）影響。

汽水是星獅控股的單一最大盈利貢獻，佔集國營運盈利46%，其中可口可樂公司產品的銷售額達4億2100萬令吉，佔汽水銷售業務總營業額35%。

可口可樂和雪碧（Sprite）都是可口可樂公司產品。

神股

谁抢去新的合约呢？ 我突然想起 代理 PEPSI的公司

[ 本帖最后由 神股 于 19-2-2009 09:17 AM 编辑 ]

renwee510

今天大跌！

dinwahtim

无端端为什么会不要续约啊？

kentalo

不懂会跌到多少???

kentalo

不懂会跌到多少???

hello2009

现阶段RM7.70应该买进或卖出?