F&N to benefit from rising demand

TA Research has maintained its earnings projections for F&N.

PETALING JAYA: Fraser & Neave Holdings Bhd (F&N) is likely to experience a softening demand due to the absence of festive sales in the second half of 2024.

However, the group would likely be able to cushion the impact of rising input costs for certain commodities, such as cocoa powder, rice, sugar, and gelatine, through its cost optimisation strategy while offsetting the increase with raw materials that have dropped from their peak prices such as palm oil and skim milk powder.