Continued sales growth for F&N on the cards

PETALING JAYA: Fraser & Neave Holdings Bhd’s (F&N) sales will continue to grow in the coming quarters driven by demand from inbound tourists, exports to China and additional contribution from the integration of Cocoaland Holdings Bhd’s business into the group.

UOB Kay Hian (UOBKH) Research said the fast-moving consumer goods concern will likely experience diminishing pricing pressure from commodities to its input costs, which should help lift margins.