Aug 27, 2013

F&N Property arm to list end of the year

F&N plans to separate its property business by listing it at the end of the year. Existing F&N shareholders will be offered two shares of Frasers Centrepoint for every F&N share held.

DMG believes the effects of the holding company discount upon F&N due to the property and non-property businesses being lumped together previously, will be mitigated as the individual businesses can be valued independently. They also singled out the F&B business to see an improved valuation.

I am very interested to see how this pans out and what value the F&B business will be and its resultant effect on Thai Bev.

No comments:

Post a Comment

Crystal balls and smoke

It's that time of year again, where we put everything down and engage in that archaic ritual of crystal ball gazing. Simply put, it...