Website: http://www.fraserandneave.com/.
Singaporeans are familiar with F&N’s non-executive chairman, Mr. Lee Hsien Yang, not only with recent controversy about his pay package of $1.25 million a year, but also with his father, Minister Mentor Lee Kuan Yew, and his brother, Prime Minister Lee Hsien Loong.
F&N has three main business units:
- Properties, represented by Frasers Centrepoint. Currently account for 71% of group attributable net profit before exceptional items (APBE).
- Food & Beverages, represented by Asia Pacific Breweries (including Tiger beer brand). Makes up for 30% of profits, with brewery operations being the dominant contributor.
- Publishing & Printing, represented by Times Publishing Group (including Times bookstores retail). Makes up for 7% of profits.
Other related news:
- Nomura Securities suggested to reduce holding for the stock, partly because its bearish stance on Singapore residential sector.
- Andy Sim, analyst at DBS Vickers Securities noted: “F&N is one of the least covered Straits Times Index (STI)’s stocks”. He also said: “we like this counter for its unique combination of cyclical (properties) and non-cyclical (F&B) businesses.
- F&N has three CEOs, each heading a core business group. The three men will report to F&N’s board through a newly created chairman’s office.
