Yoma Strategic said Monday it has completed the placement of 332.5 million new shares to an indirect wholly owned subsidiary of Ayala Corp.
Thai Beverage is evaluating strategic proposals, including a potential listing of its beer business, the Chang beer maker said in a filing to SGX.
Fraser and Neave said Wednesday it subscribed for an additional 4.69M new shares in Emerald Brewery Myanmar at US$1 each for a total of US$4.69M.
Singapore stocks which may be in focus on Tuesday, 25 November 2019: SGX, Frasers Hospitality Trust, ThaiBev, SIIC Environment, Pine Capital and MindChamps.
Thai Beverage reported Friday its full year net profit climbed 33 percent on-year to 26.08 billion baht on higher contributions from spirits and beer.
These are Singapore companies which may be in focus on Friday, 22 November 2019: Mapletree Logistics Trust, OCBC, SGX, Halcyon Agri, ST Engineering and UOB.
These are Singapore companies which may be in focus on Tuesday, 19 November 2019: MCT, Soilbuild Construction, OUE, Far East Orchard and Sheng Siong.
Yoma reported Thursday its fiscal 2Q swung to a net loss of US$43.33M from a year-earlier net profit of US$29.88M as property development revenue dropped.
Ayala Corp. will invest up to US$237.5M to take an up to 20% stake in each of Yoma Strategic and its affiliate, First Myanmar Investment (FMI), Yoma said Thursday.
Yoma Strategic said Friday it plans to divest its remaining telecom tower investment and acquire an additional 10 percent stake in Wave Money.
Yoma Strategic warned Friday it expects to post an overall loss for the fiscal 2Q ended 30 September due to efforts to sell its investment in a China mall.
These are Singapore companies which may be in focus on Friday, 8 November 2019: Genting Singapore, SPH REIT, SIA, Dairy Farm, Thai Beverage and LMIRT.
Yoma Strategic has entered a tie-up with AC Energy to develop renewable energy projects in Myanmar via Yoma Micro Power (S), the two companies Monday.
These are Singapore companies which may be in focus on Monday, 30 September 2019: Keppel, CityDev, Keppel Infrastructure Trust, OUE and Thai Beverage.
Fraser and Neave said Wednesday production of Chang Lager Beer was beginning at its Emerald Brewery Myanmar after an around US$70 million investment.
The Capital Group Cos., or CGC, said Tuesday it ceased to be a substantial shareholder of Thai Beverage, with its deemed interest falling to 4.949 percent.
Singapore companies which announced share buybacks on Monday, 2 September 2019: Yangzijiang, SPH, Stamford Land, Japfa and HRnetGroup.
Fraser and Neave said Thursday its wholly owned subsidiary F&N Investments (F&NI) subscribed for 5.2M new shares of Emerald Brewery Myanmar at US$1 each.
These are Singapore companies which may be in focus on Thursday, 22 August 2019: Keppel, Soilbuild REIT, OCBC, Singtel, Yangzijiang and Creative Technology.
These are Singapore companies which may be in focus on Wednesday, 21 August 2019: Singtel, Frasers Logistics, Venture, Eagle Hospitality Trust and Spackman.
Thai Beverage reported its fiscal third quarter net profit climbed 26 percent on-year. These are analysts’ calls on the results.
RHB downgraded Thai Beverage to Take Profit from Buy, saying share price has “performed well” so far this year and is now fairly priced.
Thai Beverage said Friday its subsidiary International Beverage Holdings incorporated two subsidiaries in Hong Kong: Chang HK and International Breweries.
Thai Beverage reported Wednesday its fiscal 3Q net profit climbed 26 percent on-year on higher contributions from the food, beer and spirits segments.
These are Singapore companies which announced share buybacks on Monday, 5 August 2019: Japfa, Stamford Land and Singapore Shipping.
These are Singapore companies which announced share buybacks on Wednesday, 31 July 2019: SPH, Keppel REIT, Boustead Singapore and Japfa.
These are Singapore companies which may be in focus on Wednesday, 31 July 2019: CRCT, Frasers Hospitality Trust, CapitaLand, Starhill Global REIT and F&N.
Yoma Strategic reported Wednesday its fiscal 1Q net loss widened to US$13.33 million, from US$5.64 million in the year-ago period.
These are Singapore companies which may be in focus on Friday, 19 July 2019: Keppel, SATS, Thai Beverage, OCBC, Prime US REIT and AA REIT.
Pernod Ricard completed a deal to take a 34% stake in Seagram MM Holdings, a JV between Yoma, the Win brothers and Delta Capital Myanmar, Yoma said Sunday.
These are Singapore companies which may be in focus on Monday, 8 July 2019: ThaiBev, Singtel, CapitaLand, Frasers Hospitality Trust and Sunpower.
These are Singapore companies which may be in focus on Thursday, 3 July 2019: Olam International, F&N, Soilbuild REIT and Chip Eng Seng.
Daiwa downgraded Thai Beverage to Hold from Outperform, pointing to the Bank of Thailand’s forecast last week for the country’s economic growth to slow.
Thai Beverage’s indirect subsidiary, AIB (GD), has acquired all of LiTeng Foods, a China-based coffee bean processor, the Chang beer maker said Tuesday.
These are Singapore companies which announced share buybacks Wednesday, 26 June 2019: OCBC, Olam, Japfa, Stamford Land and Global Palm Resources.
These are Singapore companies which may be in focus Friday, 21 June 2019: UOB, Cromwell European REIT, Keppel, Thai Beverage, Wing Tai and Straits Trading.
RHB tipped Thai Beverage as one of its top picks among Singapore’s listed consumer plays amid an upbeat outlook for Thailand’s beer consumption.
Yoma Strategic reported Wednesday its fiscal 4Q net profit surged by 20 times to US$26.1M, on fair value gains in real-estate services and more KFC outlets.
Perennial Real Estate entered a joint venture to build a mixed-use project in Mandalay, Myanmar, the Singapore company said in a filing to SGX Tuesday.
Fraser and Neave’s deal to acquire Starbucks Coffee (Thailand) via a joint venture is a positive for Thai Beverage, Nomura said in a note Friday.