F & N

Today I nibble a smAll sample of this counter at 1.69.
NAV 1.971.
P/B 0.867.
Dividend of 4.5 cents.

F & N has commenced operations of Emerald Brewery Myanmar, marking its return to the Myanmar beer market.

Emerald Brewery, a joint-venture between F&N and local partners, has established a greenfield brewery located in Hlegu Township in Yangon, to brew Chang Lager Beer.

Looks interesting!

Whether the economy is it good or bad, I think beer lover will continue to pour their love onto it!

Chart wise, in a neutral mode!

Immediate support is at 1.69.

I think this Friday or Monday will be releasing it's Full Year financial result ! A Final dividend of 3 cents is expected to be announced! 

Short term wise, I think it may rise up to test 1.74 then 1.76 with extension to 1.87.

Not a call to buy or sell.

Pls dyodd.