loan restructuring

ThaiBev kept at 'buy' given worst is over for alcohol demand, says RHB

SINGAPORE (Jan 18): RHB is reiterating its “buy” call on Thai Beverage (ThaiBev) with a higher target price of 85 cents, from 75 cents previously.

This came following the group’s loan restructuring with Vietnam Beverage, which means ThaiBev now owns 53% of Sabeco, the largest brewery in Vietnam.

ThaiBev's loan restructuring to provide more transparent control of Sabeco

SINGAPORE (Dec 4): UOB Kay Hian is reiterating its “buy” recommendation on Thai Beverage (ThaiBev) with a target price of 80 cents.

This came on the back of the group yesterday announcing that it will be undergoing a loan restructuring exercise, which will involve the conversion of its entire loan amount and interest in Sabeco of US$4.6 billion into share capital.

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