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MSN - [BUY +40.8%] - Interest income can sway P&L given big war chest - AGM Note

We attended MSN’s AGM this morning. Celebrating the 20th year since its establishment, MSN spent a good chunk of the AGM presenting the key strategy that made the company what it is today and will continue to focus on going forward; building “power brands”. MSN is applying this strategy to the animal feed sector, which is traditionally a “commoditized” market.