Fonterra - Sticking to the Core
Fonterra’s revised strategy update showed no dramatic changes in strategic direction, highlighting the expected heightened focus on its Ingredients...
292 Views
Fonterra - Benefiting from Regulatory Changes in US, Brazil, and EU
We initiate our coverage on STGT with an Outperform rating and a 2025E fair value (FV) of Bt14.69, based on a required return of 3.29%.
236 Views
Fonterra - Creaming It
Fonterra's strong earnings momentum has continued. FY24 EPS is now expected to be at the top-end of its NZ60–70cps range.
210 Views
Fonterra - Liquid Gold
We are supportive of the announced proposed significant divestment of Fonterra's (FSF) ‘consumer and associated businesses’ (‘in-scope’).
340 Views
Fonterra - 1H24 Result — Good Grazing
While 1H24 was another period that included benefits from the ‘one-off’ stream returns, FSF expects these to largely reverse in 2H24.
383 Views