KUALA LUMPUR: Fraser and Neave Holdings Bhd (F&N) saw 25,000 shares transacted at RM16.35 in an off-market deal.
According to stock market data, this was RM2.77 or 14.5% below Tuesday's closing price of RM19.12.
This was also RM2.63 below the current share price of RM18.98. At 4.02pm, the shares are down 14 sen to RM18.98 with 47,700 shares done.
The FBM KLCI is up 13.1 points to 1,536.47. Turnover is 826.12 million shares valued at RM1.19 billion. There are 503 gainers to 223 losers and 317 stocks unchanged.
AmResearch has reiterated its BUY recommendation on F&N and lifted its fair value from RM17.40 a share to RM22.70'' a share, based on a PE of 18x CY11F earnings.
'We believe a small premium is justified given F&N's strong earnings profile within the non-discretionary food industry against a backdrop of rising material costs, as underpinned by its market share leadership position and brand equity strength,' said AmResearch.
According to stock market data, this was RM2.77 or 14.5% below Tuesday's closing price of RM19.12.
This was also RM2.63 below the current share price of RM18.98. At 4.02pm, the shares are down 14 sen to RM18.98 with 47,700 shares done.
The FBM KLCI is up 13.1 points to 1,536.47. Turnover is 826.12 million shares valued at RM1.19 billion. There are 503 gainers to 223 losers and 317 stocks unchanged.
AmResearch has reiterated its BUY recommendation on F&N and lifted its fair value from RM17.40 a share to RM22.70'' a share, based on a PE of 18x CY11F earnings.
'We believe a small premium is justified given F&N's strong earnings profile within the non-discretionary food industry against a backdrop of rising material costs, as underpinned by its market share leadership position and brand equity strength,' said AmResearch.
No comments:
Post a Comment