Domestic Demand Strength Leaves FRM Poised For Strong Year

On the back of a return to robust economic growth for the Philippines in 2010 and further supportive of our preference for private consumption-oriented economies over export-reliant states, Philippine food major RFM Corporation has posted strong first half financial results. Amending upwards its full-year earnings target, our expectations of domestic demand strength in the country leave us confident that RFM will post strong full-year financials, while the announcement of plans to scale up capital expenditure to PHP1.2bn also leave us optimistic on the company's near-term

To read the full article, please choose one of the following options: