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ThaiBev
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ThaiBev
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wehuattogether88
Supreme |
03-Jun-2020 10:15
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Reopening up in Thailand and Vietnam will surely benefits Thai Bev, now Thai Bev is also one stock among the 10 that SGX is starting a future index from 15Jun. Positive! | ||||
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TA_Expert
Supreme |
03-Jun-2020 10:14
Yells: "The World has changed" |
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As I mentioned many time before, this company is rock solid. Any dip is accumulation. | ||||
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Slowturtle
Senior |
03-Jun-2020 10:11
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Outside Singapore, particularly Thailand, foreigners drink more beers than bottled water because they are so much cheaper. | ||||
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Slowturtle
Senior |
03-Jun-2020 10:05
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Rejoice over easing of lockdown, drown sorrows about loss of hardships due to covid-19 are key to demands. Also to hit the bottle because casinos and betting outlets still closed. Where else to spend the monies? No-brainer. |
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beng1102
Elite |
03-Jun-2020 09:59
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Can still move upward in the next few days and optimism of economies reopening around the world will drive up the stock market. | ||||
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Slowturtle
Senior |
03-Jun-2020 09:48
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See what I mean... Those who shorted have to cover back. The company is cash reach and easily buy back those who dumped them. Soda water is only one of the many successful products and a drop in the ocean for this cpy. Just rectify the formula to comply. That is all. |
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Slowturtle
Senior |
03-Jun-2020 08:21
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I doubt thet the price will dive. May drop a bit but those who value the stock will buy on the dip. Remember that beers are the predominant cash cows and not soda water. Those who like to short can take a chance. |
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TA_Expert
Supreme |
02-Jun-2020 23:57
Yells: "The World has changed" |
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Very interesting. This water has been around since 1991. Now then discovered?
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KiasiGuy
Veteran |
02-Jun-2020 23:25
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Chang Soda water withdraw in Singapore due to presence of bromate. Tmr ThaiBev heading down? | ||||
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beng1102
Elite |
02-Jun-2020 17:31
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Optimism will drive the market up in the next few weeks. This counter has cleared the 10 days EMA and it is likely to continue upward trend for a few more days.
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john_ric
Supreme |
02-Jun-2020 14:02
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heading back to 0.79. | ||||
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wehuattogether88
Supreme |
02-Jun-2020 14:00
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SGX announces launch of Singapore Single Stock Futures snd Thai Bev is one of the 10 stocks listed. |
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beng1102
Elite |
02-Jun-2020 14:00
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Optimism will drive the stock up global and it can last for weeks.
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wehuattogether88
Supreme |
02-Jun-2020 13:55
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Their beer markets is quite big in ASEAN.
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wehuattogether88
Supreme |
02-Jun-2020 13:35
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Every country is all re-opening up their economy and activities, it wil be beneficial to Thai Bev | ||||
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beng1102
Elite |
02-Jun-2020 13:17
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It is moving towards $0.71.
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rexaze
Member |
02-Jun-2020 12:48
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but why the intention to sell off investment 3 years later that have 22% net profit growth and that Vietnam is also growing in terms of oversea investors that may have high potential of beer consumers, is it due to current high debt?
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beng1102
Elite |
02-Jun-2020 12:04
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Not chicken out mean still doing well.
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rexaze
Member |
31-May-2020 23:19
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mind to enlighter a little on how this will affect the share price?
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Joelton
Supreme |
30-May-2020 12:03
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ThaiBev refutes media reports on plans to sell Vietnam businessesTHAI Beverage Public Co (ThaiBev) is disputing news reports that it is seeking a buyer for its businesses in Vietnam, the mainboard-listed company said in a Friday bourse filing after the market close.
ThaiBev said that the claim, made in recent reports by news media in Vietnam, is &ldquo entirely without merit&rdquo . A key pillar of ThaiBev&rsquo s Vietnamese business is Sabeco (Saigon Beer Alcohol Beverage Corporation), in which the SGX-listed company had successfully bid for a majority stake back in 2017.
&ldquo ThaiBev remains fully committed to realising the full potential of its core businesses in Vietnam, in particular Sabeco, and aims to solidify its position as the largest beverage company in South-east Asia and a leader in beer,&rdquo the company said in its filing.
ThaiBev is nonetheless exploring a potential listing of its beer business, among other potential avenues to &ldquo optimise its asset portfolio and enhance shareholder value&rdquo , the company said.
It added that &ldquo in view of the current market and economic conditions, any potential listing will be reviewed and evaluated at an appropriate time, when the global economic situation and outlook has improved&rdquo .
ThaiBev expressed gratitude that Vietnam&rsquo s Ministry of Industry and Trade has issued clarifications regarding the news reports. The company highlighted that Sabeco grew its net sales by 5 per cent in 2018 and reported a 22 per cent net profit growth last year, &ldquo despite being impacted by inaccuracies and false claims in certain news articles last year&rdquo .
Last December, The Financial Times reported that analysts see ThaiBev&rsquo s attempt to spin-off the beer business as &ldquo a feint intended to seek a buyer for the company&rsquo s richly-valued Vietnamese unit&rdquo .
https://www.businesstimes.com.sg/companies-markets/thaibev-refutes-media-reports-on-plans-to-sell-vietnam-businesses |
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