- Close to 5 year low (Figure 1.1)
- Strong SGD enable group to purchase goods at lower costs in Thailand and Malaysia
- Stable Vietnam economy with increase demand for dairy products. (F&N owns 11% stake in Vietnam's largest dairy producer Vinamilk)
- Myanmar brewery was valued at double the price offered by Myanma Economic Holdings.
Figure 1.1
Source: Bloomberg
Sources
- http://infopub.sgx.com/FileOpen/2Qtr-FN-HY15.ashx?App=Announcement&FileID=348596)
- http://www.financeasia.com/News/389490,fn-increases-stake-in-vinamilk.aspx
- http://www.businesstimes.com.sg/companies-markets/fraser-neaves-myanmar-brewery-stake-worth-over-twice-the-bid-price
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