Fraser & Neave has enough money to buy more assets

It has net cash available worth $700m.

Fraser & Neave (F&N) is expected to deliver on acquisitions to supplement growth sources, and to add on to its current geographical and product or brand repertoire, said DBS Vickers Securites.

The research house said that balance sheet remains in net cash, to the tune of over S$700m available for deployment.

"In our view, acquisitions are likely to be of a large size. Should it happen, we believe funding could entail utilisation of its internal cash, debt and possibly equity fund raising," it said.

The research house expects management to likely pursue opportunities in the IndoChina region.

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