F&N's Cocoaland purchase could unlock potential

KUALA LUMPUR: A successful acquisition of Cocoaland Bhd may help to bring the cocoa manufacturer to its full potential, although it could be years before Fraser & Neave Holdings Bhd (F&N) realises the benefits, says TA Securities Research.

In a note, the research firm said Cocoaland's weaker financial performance in FY21 could be owing to the unsatisfactory execution by its management, which could be remedied by a more effective management in F&N.