Fraser and Neave, Frasers Property have seen the market value of their shares languish
THE manner in which the looming trading suspension of Great Eastern is resolved could shape the attitude of investors towards other tightly owned and deeply undervalued blue-chip companies.
Among them are beverage maker Fraser and Neave (F&N) and its sister company Frasers Property (FPL).
Thai billionaire Charoen Sirivadhanabhakdi owns about 87 per cent of both companies through various entities, including Thai Beverage. F&N and FPL’s most recent annual reports put their free floats at just 12 per cent and 11 per cent, respectively.
