BNP Paribas has raised Fraser & Neave (F99.SG) target price to $5.48 from $4.52, pegged at 20% discount to higher sum-of-parts valuation of $6.85, to reflect higher selling prices achieved by group’s residential properties, increased earnings assumptions for F&B operations, according to Dow Jones. Keeps Buy call.
Fraser & Neave’s target price raised to $5.48 by BNP
written by Editor on May 18th, 2010 |
No Comments
Font size:
