Went down again to $1.72 doesn't look so rosy!
XD on 4th Feb 2020.
Why set the XD date so far away ! No wonder price also doesn't seem to move up!
If the support at $1.72 cannot hold then next, we could be seeing $1.69 again!
Pls dyodd.
6th Nov 2019
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.
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