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.
Thailand
Singapore share buybacks Thursday: Singtel, OCBC, Kimly, Straits Trading, China Sunsine
These are Singapore companies which announced share buybacks on Thursday, 16 May 2019: Singtel, OCBC, Kimly, Straits Trading and China Sunsine.
Banyan Tree reports 1Q19 net profit tumbled 74 percent on BTAC dilution
Banyan Tree Holdings reported Wednesday its 1Q19 net profit tumbled 74 percent on-year to S$5.23 million after its interest in BTAC was diluted.
UOB expects to benefit from the US trade war with China
UOB expects to benefit from U.S.-Sino trade tensions, with companies set to diversify their supply chains into Southeast Asia, the bank said Wednesday.
Singtel reports nearly flat fiscal 4Q net profit on weak Australian dollar
Singtel reported Wednesday its fiscal 4Q net profit rose 0.4 percent on-year to S$773 million the Australian dollar’s decline.
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.
Fraser and Neave reports fiscal 2Q net profit more than doubled
F&N reported Tuesday its fiscal 2Q net profit excluding exceptional items jumped 138.5% on-year to S$35.87 million on higher soft drink and dairy sales.
UPDATE: Singapore stocks to watch Wednesday: MLT, SPH, Hi-P, Keppel-KBS US REIT, Cache Logistics
These are Singapore companies likely to be in focus on Wednesday, 16 April 2019: MLT, SPH, Hi-P, Keppel-KBS US REIT and Cache Logistics Trust.
TEE International plans to spin off infrastructure business in Catalist listing
TEE International said Monday it plans to spin off its infrastructure business into a listing on SGX’s Catalist board for smaller enterprises.
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.
BreadTalk to acquire 20 percent stake in plastic packaging maker NPPG (Thailand)
Iconic Singapore bun-maker BreadTalk said Tuesday it plans to acquire an around 20% stake in plastic packaging maker NPPG (Thailand) for a total THB570Mln.
CapitaLand’s Ascott inks contracts to manage properties in eight countries
CapitaLand’s wholly owned lodging unit The Ascott said Tuesday it obtained contracts to manage 14 properties across eight countries.
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: Genting Singapore, SingPost, SATS, Pine Capital
These are Singapore companies which may be in focus on Thursday, 4 April 2019: Genting Singapore, SingPost, SATS and Pine Capital.
Times Publishing completes acquisition of 60 percent of Print Lab
Fraser and Neave’s wholly owned subsidiary Times Publishing said Wednesday it has completed the acquisition of 60 percent of Print Lab for S$24.48 million.
UPDATE: Singapore stocks to watch Wednesday: Keppel REIT, Singtel, DeClout, Addvalue Tech
These are Singapore companies which may be in focus on Wednesday, 3 April 2019: Keppel REIT, Singtel, DeClout and Addvalue Technologies.
SIA Engineering enters line maintenance JV with NokScoot
SIA Engineering said on Friday it entered a deal with NokScoot Airlines to form a line maintenance joint venture in Thailand.
Singapore stocks to watch Tuesday: Singtel, Keppel, Camsing, Mencast
These are the Singapore companies which may be in focus on Tuesday, 26 March 2019: Singtel Singapore Telecommunications said late on Monday it will offer…
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 Tuesday: LMIR Trust, SATS, Wilmar, Hyflux, Accordia Golf
These are Singapore companies which may be in focus on Tuesday, 12 March 2019: SATS, Wilmar, Hyflux, Reclaims Global and Accordia Golf Trust.
