PETALING JAYA: Fraser & Neave Holdings Bhd

(F&N) expects more stable margins going forward, as prices of most soft commodities ease although those of tinplate/cans, milk and palm oil could stay elevated into 2023.

Nonetheless, the higher cost of tinplate/cans can be mitigated by switching to certain more sustainable packaging such as PET and Tetra.

Kenanga Research said F&N is also forging ahead with its investment of RM700mil to RM800mil in an integrated dairy farm with an initial capacity of 5,000 cattle for self-sufficiency ratio for fresh milk.