Thai Beverage: Talks on listing beer business at ‘exploratory’ stage
Thai Beverage is evaluating strategic proposals, including a potential listing of its beer business, the Chang beer maker said in a filing to SGX.
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UPDATE: Singapore stocks to watch Tuesday: Olam, SGX, Frasers Hospitality, ThaiBev, SIIC Environment
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 reports fiscal year net profit climbed 33 percent
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.
UPDATE: Singapore stocks to watch Friday: GENS, SPH REIT, Dairy Farm, ThaiBev, LMIRT, EC World REIT, Maxi-Cash
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.
UPDATE: Singapore stocks to watch Monday: Keppel, ThaiBev, SATS, CityDev, OUE, Keppel Infrastructure
These are Singapore companies which may be in focus on Monday, 30 September 2019: Keppel, CityDev, Keppel Infrastructure Trust, OUE and Thai Beverage.
UPDATE: ThaiBev associate F&N’s Myanmar brewery to produce Chang Lager Beer
Fraser and Neave said Wednesday production of Chang Lager Beer was beginning at its Emerald Brewery Myanmar after an around US$70 million investment.
Capital Group ends run as substantial shareholder of Thai Beverage
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.
UPDATE: Analyst Briefings: Thai Beverage fiscal 3Q earnings
Thai Beverage reported its fiscal third quarter net profit climbed 26 percent on-year. These are analysts’ calls on the results.
Thai Beverage downgraded by RHB despite fiscal 3Q results beating forecasts
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 incorporates two subsidiaries in Hong Kong
Thai Beverage said Friday its subsidiary International Beverage Holdings incorporated two subsidiaries in Hong Kong: Chang HK and International Breweries.
UPDATE: Thai Beverage reports fiscal 3Q net profit climbed 26 percent
Thai Beverage reported Wednesday its fiscal 3Q net profit climbed 26 percent on-year on higher contributions from the food, beer and spirits segments.
Singapore stocks to watch Friday: Keppel, SATS, ThaiBev, OCBC, Prime US REIT
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.
UPDATE: Singapore stocks to watch Monday: ThaiBev, Singtel, CapitaLand, Frasers Hospitality, Sunpower
These are Singapore companies which may be in focus on Monday, 8 July 2019: ThaiBev, Singtel, CapitaLand, Frasers Hospitality Trust and Sunpower.
Thai Beverage downgraded by Daiwa amid Thailand economic slowdown
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 acquires coffee bean processor Dongguan LiTeng
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.
UPDATE: Singapore stocks to watch Friday: UOB, Cromwell E-REIT, Keppel, Thai Beverage, Wing Tai, Straits Trading
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: Thai Beverage set to outperform other Singapore consumer plays
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.
Nomura: Starbucks Thailand acquisition a positive for Thai Beverage
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.
Fraser and Neave invests S$115 million into JVs for Starbucks Thailand deal
Fraser and Neave has injected around S$114.84 million into two JVs to facilitate the acquisition of Starbucks Thailand, the beverage maker said Friday.
Fraser and Neave ties up with Maxim’s to acquire Starbucks Thailand
F&N said Thursday it tied up with Maxim’s Caterers to acquire Starbucks Coffee (Thailand) in a move to enter Thailand’s retail coffee market.
DBS: Thai Beverage’s recovery is on track
DBS said it was sticking with its Buy call on Thai Beverage despite its shares’ strong rally and despite a drop in second quarter net profit.
Thai Beverage downgraded by OCBC on ‘more muted’ spirits outlook
OCBC downgraded Thai Beverage to Hold from Buy after the stock runup and pointed to “tempered” expectations for the spirits business.
Thai Beverage reports fiscal 2Q net profit fell around 9 percent
Thai Beverage reported Friday its fiscal 2Q net profit fell 8.6% to 6.76B Thai baht on lower net profit from the spirits, food and F&N/FPL businesses.
UPDATE: Singapore stocks to watch Thursday: Genting Singapore, ThaiBev, Keppel, MLT, Indofood Agri
These are Singapore companies which may be in focus on Thursday, 11 April 2019: Genting Singapore, Thai Beverage, Keppel and Mapletree Logistics Trust.
Fitch revises Thai Beverage outlook to negative from stable
Fitch Ratings on Wednesday revised Thai Beverage’s ratings outlook to negative from stable, amid continued weak domestic demand.
Thai Beverage enters joint ventures with Genki Sushi parent
Thai Beverage said late on Sunday that it was forming two joint ventures with Japanese Dining Concepts (Asia), or JDCA, the franchiser of Genki Sushi.
UPDATE: Singapore stocks to watch Thursday: Frasers Property, Frasers Centrepoint, Ascendas REIT, ThaiBev
These are Singapore companies which may be in focus on Thursday, 21 March 2019: Frasers Property, Ascendas REIT, Thai Beverage and Yongnam.
UPDATE: Singapore stocks to watch Wednesday: Singapore Airlines, Oxley, ThaiBev, Starhill Global
These are Singapore companies which may be in focus on Wednesday, 20 March 2019: Singapore Airlines, Oxley, Thai Beverage and Starhill Global REIT.
Thai Beverage incorporates two subsidiaries with F&N in Thailand
Thai Beverage said on Tuesday that it incorporated two new subsidiaries in Thailand with its associated company F&N for the purpose of investment management.
UPDATE: Singapore stocks to watch Monday: Keppel, Hyflux, SGX, Thai Beverage, Yoma
These are Singapore stocks which may be in focus on Monday, 11 March 2019: Keppel, Hyflux, Singapore Exchange, Thai Beverage and Yoma.
UPDATE: Singapore stocks to watch Monday: Thai Beverage, Ezion, Pine Capital, AA REIT, DeClout
These are Singapore companies which may be in focus on Monday, 4 March 2019: Thai Beverage, Ezion, Pine Capital, AA REIT and Singtel.
UPDATE: Singapore stocks to watch Friday: Singapore Airlines, ThaiBev, StarHub, Creative, Old Chang Kee
This article was originally published on Thursday, 14 February 2019, at 23:09 SGT; it has since been updated to add Cromwell European REIT. These are…
UPDATE: Thai Beverage fiscal 1Q net profit rises 36 percent as spirits and food revenue increased
Thai Beverage reported Thursday fiscal 1Q net profit rose 35.5 percent on-year as revenue from the spirits, F&N/FPL and food businesses all increased.
CGS-CIMB tips Thai Beverage fiscal 1Q earnings grew as Thai beer sales pick up
Thai Beverage appears set to report on Thursday solid earnings growth for its fiscal first quarter amid rising beer sales in Thailand, CGS-CIMB said in a note on Tuesday.
UPDATE: Singapore stocks to watch Friday: CRCT, SingPost, ThaiBev, Cromwell European REIT, GuocoLand
These are Singapore stocks which may in focus on Friday, 1 February 2019: CRCT, ThaiBev, Cromwell European REIT, GuocoLand, Starhill Global REIT and Genting Singapore.
RHB raises Thai Beverage target price after Sabeco loan restructuring
RHB raised its target price on Thai Beverage to S$0.85 from S$0.75 after the restructuring of the Sabeco-related loans, effectively giving it a 53 percent…
Thai Beverage set for ‘big year,’ UOB KayHian says
Thai Beverage appears set for a “big year,” with a domestic consumption recovery expected alongside Thai elections, which historically have driven beer demand, UOB KayHian…
Singapore stocks to watch Friday: Thai Beverage, Wilmar, Redmart, Creative, Hong Leong Asia
These are Singapore shares and companies which may be in focus on Friday, 4 January 2019: Thai Beverage Thai Beverage said on Thursday that it…
Thai Beverage completes restructuring of nearly US$5 billion loan for Sabeco acquisition
Thai Beverage said on Thursday that it has increased its holding in Saigon Beer – Alcohol – Beverage Corp., or Sabeco, by restructuring the around…
Singapore stocks to watch Monday: Singtel, UOB, Sasseur REIT, Japan Foods, Ascendas India Trust
These are Singapore stocks which may be in focus on Monday 10 December 2018: Singtel Singtel’s Optus said on Monday that it acquired new regional…