TA Research maintained a “buy’’ recommendation on Farm Fresh given its merit as Malaysia’s leading integrated dairy group with recognised brands built on distinct fresh milk propositions, and operating an extensive multi-channel network for optimal market penetration.
PETALING JAYA: Farm Fresh Bhd
’s near term earnings is expected to be supported by top-line growth that is driven by improvement in average selling price after the price hike in ready-to-drink (RTD) milk.
The group’s growth will also be supported by higher production volume led by aggressive plant capacity expansion.
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