Robust earnings growth seen for Farm Fresh

CGS-CIMB Research said in its coverage initiation report on Farm Fresh: ”Farm Fresh’s growth profile is backed by capacity expansion plans across its integrated supply chain. This will allow the company to cater for higher demand from its current operating markets as well as new market pursuits, including Hong Kong, Indonesia and the Philippines, according to the research house."

PETALING JAYA: CGS-CIMB Research is positive on Farm Fresh Bhd and projecting a robust earnings growth in its coming financial years.

The research house forecast a three-year core net profit compound annual growth rate (CAGR) of 22.6% for Malaysia’s largest fresh milk producer.