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 may be in focus on Friday, 19 July 2019: Keppel, SATS, Thai Beverage, OCBC, Prime US REIT and AA REIT.
These are Singapore companies which may be in focus on Monday, 8 July 2019: ThaiBev, Singtel, CapitaLand, Frasers Hospitality Trust and Sunpower.
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 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.
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 has injected around S$114.84 million into two JVs to facilitate the acquisition of Starbucks Thailand, the beverage maker said Friday.
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 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.
OCBC downgraded Thai Beverage to Hold from Buy after the stock runup and pointed to “tempered” expectations for the spirits business.
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.
These are Singapore companies which may be in focus on Thursday, 11 April 2019: Genting Singapore, Thai Beverage, Keppel and Mapletree Logistics Trust.
Fitch Ratings on Wednesday revised Thai Beverage’s ratings outlook to negative from stable, amid continued weak domestic demand.
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.
These are Singapore companies which may be in focus on Thursday, 21 March 2019: Frasers Property, Ascendas REIT, Thai Beverage and Yongnam.
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 said on Tuesday that it incorporated two new subsidiaries in Thailand with its associated company F&N for the purpose of investment management.
These are Singapore stocks which may be in focus on Monday, 11 March 2019: Keppel, Hyflux, Singapore Exchange, Thai Beverage and Yoma.
These are Singapore companies which may be in focus on Monday, 4 March 2019: Thai Beverage, Ezion, Pine Capital, AA REIT and Singtel.
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.
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.
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.