{"id":331684,"date":"2025-02-28T00:20:49","date_gmt":"2025-02-27T16:20:49","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=331684"},"modified":"2025-02-28T00:20:52","modified_gmt":"2025-02-27T16:20:52","slug":"trade-the-news-monde-still-open-to-unloading-stake-in-fcg","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-monde-still-open-to-unloading-stake-in-fcg\/","title":{"rendered":"Trade the News: MONDE still open to unloading stake in FCG"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>NEUTRAL on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>Monde Nissin Corp.<\/td><\/tr>
Stock Code<\/strong><\/td>MONDE<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Buy<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 12.07<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

Monde Nissin Corp. (MONDE) remains open to unloading its stake in the Liu family-led Figaro Coffee Group.<\/p>\n\n\n\n

Monde Nissin CEO Henry Soesanto told The STAR that while selling its stake in Figaro is not a must, the company is still open to the possibility.<\/p>\n\n\n\n

\u201cThe problem is we\u2019re not helping there. We\u2019ll just focus others there,\u201d Soesanto said, adding that \u201cit\u2019s not about being keen or not being keen. Because we\u2019re not being of help there, so let\u2019s just see.\u201d<\/p>\n\n\n\n

Late last year, Soesanto expressed his group\u2019s intention to sell their 15-percent stake in the Figaro Coffee Group.<\/p>\n\n\n\n

Monde Nissin earlier said that Soesanto\u2019s statements were preliminary and essentially exploratory in nature.<\/p>\n\n\n\n

It said that no firm plans have been made or have any proposals or discussions for divestment been presented to or taken up by the company\u2019s board for consideration.<\/p>\n\n\n\n

Monde Nissin acquired in 2023 a 15-percent stake in Figaro Coffee Group for about P820.3 million as part of its foray into the food service business and overall growth strategy in the Philippine market.<\/p>\n\n\n\n

Figaro, through subsidiary Figaro Coffee Systems Inc., operates and franchises a network of retail restaurants that include Figaro Coffee, Angel\u2019s Pizza, Tien Ma\u2019s and Caf\u00e9 Portofino.<\/p>\n\n\n\n

As for Monde Nissin\u2019s products, Soesanto expects demand for instant noodles to remain strong among Filipino households, with the company working to further enhance the nutritional value of its products.<\/p>\n\n\n\n

\u201cInstant noodle has been the staple food for Filipino for so long. I think it will keep on being the staple food. But in doing that, we will improve the health angle on that so that people can consume it without any (concerns),\u201d Soesanto said.<\/p>\n\n\n\n

Nutritional challenges are normally associated with the consumption of processed food.<\/p>\n\n\n\n

Soesanto, however, said that Monde Nissin has been committed in prioritizing health-conscious choices.<\/p>\n\n\n\n

\u201cWe are still in progress. We are maintaining the taste but at the same time, reducing the salt,\u201d he said.<\/p>\n\n\n\n

Soesanto said that education is currently among the key challenges faced by the instant noodle industry.<\/p>\n\n\n\n

(News Source: Philippine Star<\/a>)<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-331684","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/331684","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=331684"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/331684\/revisions"}],"predecessor-version":[{"id":331686,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/331684\/revisions\/331686"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=331684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=331684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=331684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}