Farm Fresh entry into Inside Scoop a sweet deal

Fast growing: Customers queuing at the Inside Scoop. The founders of the firm will spearhead Farm Fresh’s ice cream division and lead its foray into the lucrative consumer packaged goods ice cream market.

PETALING JAYA: Farm Fresh Bhd’s completion of its 65% stake acquisition in ice cream chain The Inside Scoop Sdn Bhd (TISSB) for RM84mil holds greater upside potential, says TA Research.

The research house has upgraded the stock to a “buy” call with a revised target price of RM1.74, following recent weakness in Farm Fresh’s share price.