Thai Beverage (ThaiBev)

Value seen in F&N despite tough market for beer and print businesses
SINGAPORE (May 24): RHB Research likes Fraser & Neave even though the operating environment is tough for its beverage and print business. “We think there is value in the stock, given that the share price is trading 13% below its $1.96 NAV/share,” says RHB analyst Juliana Cai in a May 23 unrated report. F&N’s profit is largely helmed by its dairy business, as well as a 20% ...
Analysts keeping spirits up on ThaiBev despite 2Q earnings decline
SINGAPORE (May 13): Analysts are keeping largely upbeat on Thai Beverage (ThaiBev), despite a 12.2% drop in 2Q earnings to THB 5.79 billion ($250 million) on the back of lower net profit from its spirits and food businesses. In addition, net profit from F&N/Frasers Property was down 44% to THB 465 million, from THB 828 million a year ago. See: ThaiBev 2Q earnings fall 12% to $250 mil ...
ThaiBev 2Q earnings fall 12% to $250 mil due to poorer spirits and food businesses
SINGAPORE (May 10): Thai Beverage reported 2Q earnings fell 12.2% to THB 5.79 billion ($250 million) from a restated THB 6.59 billion, due to a lower net profit from the spirits and food businesses and from F&N/Frasers Property. Earnings per share fell to THB 0.23 from THB 0.26. 2Q revenue rose 3.6% to THB 69.9 billion due to an increase in sales of its beer business by 13.3% to THB ...
ThaiBev gears up to fund growth, debt level seen as manageable
SINGAPORE (Apr 15): Thai Beverage has spent the past few years on an $8 billion acquisition spree, as it expanded beyond its home market and into other Southeast Asian markets. It bought a 53.59% stake in Saigon Beer Alcohol Beverage Corp (Sabeco), Vietnam’s largest brewery company, and snapped up a 75% stake in the Grand Royal Group, Myanmar’s largest whiskey player. Besides ...
3 stocks to shop as local consumer sentiment remains benign: RHB
SINGAPORE (Apr 5): RHB Research is maintaining its sector “overweight” on consumer stocks although it cautions of benign consumer sentiment for 2019, with Singaporeans expected to spend more prudently amid an uncertain macroeconomic outlook. In the research house’s view, consumer confidence peaked early last year due to improved wealth effect and strong GDP growth towards end-2017; it ...
UOB has ThaiBev on 'hold' as latter ramps up marketing efforts to beat competition
SINGAPORE (Mar 14): UOB Kay Hian continues to rate Thai Beverage (ThaiBev) “hold” with a target price of 86 cents and a recommended entry price of 78 cents. Through its channel of luxury hotels and restaurants, the group has introduced the InverHouse whisky portfolio, extending its reach into the premium segment. Premiumisation remains a focus as the group works towards capitalising on its ...
Analysts positive on ThaiBev following doubling of 1Q earnings
SINGAPORE (Feb 18): Analysts are generally positive on Thai Beverage (ThaiBev), following the group’s 1Q19 results announcement, which recorded earnings of 7.42 billion baht ($320.8 million), more than doubling from 2.96 billion baht last year. Total revenue also saw a 59.7% y-o-y jump to 72.63 billion baht, with revenue from spirits growing 28.6% to 31.68 billion bath and beer revenue ...
Worst is over for ThaiBev, says DBS
SINGAPORE (Feb 15): DBS Group Research says the worst should be over for Thai Beverage and that its strong 1Q19 results should provide confidence and a re-rating catalyst for the counter. Further re-rating catalysts could come from improved contribution from Sabeco, gradual deleveraging of the group, as well as regionalisation efforts to be the leading beverage player in Asean. “We ...
ThaiBev 1Q earnings more than double to $321 mil on revenue jump
SINGAPORE (Feb 14): Thai Beverage (ThaiBev) recorded earnings of 7.42 billion baht ($320.8 million) for the 1Q19 ended December, more than doubling from 2.96 billion baht a year ago. Total revenue jumped 59.7% to 72.63 billion baht in 1Q19, from 45.48 billion baht a year ago. Spirits revenue grew 28.6% to 31.68 billion baht during the quarter, largely due to increasing consumer purchasing ...
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. In a Friday report, analyst Juliana Cai says, “We believe this move is positive to the ...