Farm Fresh set for improved profits on lower costs, resilient demand

Maybank IB Research said Farm Fresh’s plan to expand into other dairy products will open up new earnings growth opportunities in the long run.

PETALING JAYA: Farm Fresh Bhd is on track to post better earnings for its third quarter of financial year 2024 (3Q24) on expectations of a stepdown in whole milk powder (WMP) costs and resilient product demand, according to Maybank IB Research.

The research house believes Farm Fresh’s plan to expand into other dairy products such as liquid growing-up milk, ice cream and butter will open up new earnings growth opportunities in the long run.