Fraser & Neave: DMG keeps Buy, lifts target to $6.00 from $5.30, pegged at parity-to-RNAV. Says recent move by Japan's Kirin Holdings to take 14.7% stake in F&N is "watershed event" for the company. Notes Kirin's aggressive acquisition spree worth US$12 billion over last 4 years underscores strong business commitment to F&N; sees synergies between F&N and Kirin on two fronts - geography and products….
Says both companies can use each other's established sales, distribution channels in Australia, China, Japan, Philippines, Asia-Pacific. Adds cooperation in production technologies can broaden product and brand line-ups, improving appeal to changing consumer demand.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment