Fraser & Neave Holdings Bhd (FN)

Fraser & Neave Holdings Bhd (F&N) - Malaysia's Halal F&B Powerhouse

F&N is one of Malaysia's largest food and beverage companies, with an iconic portfolio of brands including 100PLUS, F&N, Magnolia, Carnation, Ideal Milk, Farmhouse, TEAPOT, Cocoaland (LOT 100), Sri Nona, and NutriSoy. F&N is no longer just a soft-drinks bottler - it is reshaping itself into an integrated 'Farm-to-Fork' F&B player.

Three Business Pillars

• Dairies Malaysia - Carnation, Ideal Milk, Farmhouse, F&N. Largest sweetened condensed and evaporated milk producer in the region.
• Dairies Thailand - Exports to ASEAN and West Asia. Major EBIT contributor.
• Soft Drinks - Led by 100PLUS, Malaysia's #1 isotonic brand, plus F&N Seasons Teas, NutriSoy, F&N Sparkling Zero, and 100PLUS Power Peach.

Transformation: From Importer to Integrated Producer

F&N is no longer just buying skim milk powder from New Zealand. Through the F&N AgriValley project in Gemas, Negeri Sembilan - ASEAN's largest integrated dairy farm at RM1.7 billion - F&N is building its own dairy supply chain. Phase 1 commenced milking operations in June 2025 with 2,500 cattle, targeting 29 million liters of milk annually, scaling to 100 million liters at full capacity within 5 years.

Additionally, the Cocoaland (2022) and Sri Nona acquisitions expanded F&N's footprint in halal snacks and packaged foods. Sri Nona's factory has been integrated into the Cocoaland facility in Rawang for logistics synergy.

Shariah Status

✅ Shariah Compliant (Bursa Securities Commission) - suitable for Muslim investors and Islamic funds.

This section is being refreshed with the latest figures. Please check back soon.

This section is being refreshed with the latest figures. Please check back soon.