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KUALA LUMPUR: Fraser & Neave Holdings Bhd could continue to see an earnings recovery in the second half of the its financial year despite the prospect of a third wave of the pandemic and ongoing travel restrictions, says Kenanga Research.
PETALING JAYA: Nestle (M) Bhd’s revenue for its first quarter ended March 31,2021, rose 1% to RM1.45bil compared with RM1.43bil in the previous corresponding period, on the back of improved contribution from its food and beverage (F&B) business.
KUALA LUMPUR: Nestle (Malaysia) Bhd is allocating a capex of RM300mil in 2021, its highest in seven years, to ramp up production capacity and upgrade technology as well as adopt state-of-the-art automation and digitalisation.
In-home consumption will be higher than pre-pandemic levels, as working from home will continue for a portion of the workforce, and financially impacted consumers will dine in-home as it is more cost-effective than dining out.
FMCG industry must confront rapid changing consumer behaviours and shifts in retail market
KUALA LUMPUR: Kenanga Research has tapered its earnings estimate on Fraser & Neave Holdings Bhd amid the resurgence of Covid-19 cases and higher commodity price trends but it expects the group to weather the uncertain times.
PETALING JAYA: Consumer sentiment will continue to remain cautious in the early part of the year for both value-for-money staples and high-value discretionary products.