Friday, 16 February 2018

F&N 1st Quarter 2018 Financial Report


Whenever we go to visit other people's house during Chinese New Year,
we will always have some drinks,
so today let's have a look at the latest financial report by F&N.

The revenue reduced by 2%,
but the profit reduced by more than 20% comparing with the corresponding quarter last year.....

For Malaysia operation:

The revenue reduced by 7.2%.
A lot reasons were given.....
Contraction in beverages market,
late CNY,
floods,
expenses of post transformation progamme,
the only good news is double digit growth of export....

The profit was worse, dropped by 39.8%,
but good news is that...
input costs should be lower from now on.

For Thailand operation:
Revenue increased slightly but profit dropped a bit.
The good news is that,
double digit growth of export to Indochina region.

Prospects by management:
All the same old things were mentioned,
contraction in beverages market and intense competitive price pressure,
hopefully the transformation programme will bring more fruitful results later!

 Also being mentioned that....
the strengthening Ringgit and Thai Baht will be benefiting,
but might be a challenge to exports business.

 Even though the latest financial result is not very good,
but the shares price of F&N still around RM30,
seems like everyone still has high hope on F&N.

 Will F&N submit a financial result which is worthy of RM30 shares price at next quarter?
Let us look forward to it!

 Investment is about doing own thinking, making own decision.

 By the way,
feel free to drink a few more cans of 100PLUS if the weather is too hot during CNY~

 Thanks for reading.




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