KUALA LUMPUR: On the back of strong earnings results in its latest quarter, Fraser & Neave Holdings Bhd
(F&N) is displaying resilience during the pandemic and is expected to record stronger earnings moving into the year-end.
According to Kenanga Research, the beverage maker's 9MFY21 results were above expectations at 80% and 78% of its and consensus full-year estimates, considering the prevailing restrictions as compared to the previous corresponding period.
As the vaccination rate in Malaysia grows and herd immunity is targeted for December, F&N's earnings are expected to receive a boost in the months ahead.
"Premised on the ease of restrictions coupled with year-end activities