F&N gets earnings upgrade

KUALA LUMPUR: TA Securities has raised Fraser & Neave Holdings Bhd's (F&N) financial years ending Sept 30, 2023 to 2025 (FY23-FY25) earnings estimates by 5.7% to 12.6%.

“We raise our forecast earnings of FY23/FY24/FY25 by 5.7%/2.7%/12.6%, respectively, as reflective of weakened ringgit outlook that beneficial to export and stabilised raw material costs,” TA said.