Fraser & Neave (F&N), trading under the ticker F99.SI, saw its stock soar by 3.10% during Wednesday's trading session. The significant upward movement comes as the company's recent financial performance and ongoing expansion projects have caught the attention of investors and market analysts.

According to recent financial reports, F&N delivered an encouraging set of earnings for the first half of fiscal 2025 ending 31 March 2025. The Southeast Asian consumer group reported a 13.2% year-on-year increase in revenue, reaching S$1.2 billion. Net profit also saw a slight increase of 0.4% year-on-year, amounting to S$84.1 million. Furthermore, the company generated a positive free cash flow of S$29.9 million for the period, demonstrating its strong financial position.

Investors appear to be particularly optimistic about F&N's ongoing expansion projects. The company recently welcomed its first commercial batch of 2,500 dairy cattle at its AgriValley integrated dairy farm in Malaysia, with milking set to commence in June. Once fully operational, this ambitious project is expected to house 20,000 cows and produce 200 million litres of fresh milk annually. Additionally, F&N's new dairy facility in Cambodia is on track to start production by early 2026, further solidifying the company's growth prospects in the region. These developments, coupled with the company's strong financial performance, have likely contributed to the stock's impressive rise and its inclusion in a list of recommended stocks by market analysts.