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421-440 of 10963
entered at 50.5 and 50 today
don t tell me that they cancel the plan for IPO again (for the third time) LOL
n3wbie ( Date: 01-Nov-2024 13:33) Posted:
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Anyone heard anything on the stock? Down on very high volume.
Some wriggles at 545 today`
Short term neutral
Medium term +ve
Long term +ve
Short term neutral
Medium term +ve
Long term +ve
For most times, this stock is always at least at 60-70c so hope it breaks above soon after the overall market re-rating
vicloo ( Date: 05-Oct-2024 16:10) Posted:
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Hope so man... it had been under 55c for so long....
aragosta ( Date: 05-Oct-2024 12:57) Posted:
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Yeah I agree - depends on where the place of listing is. If they are able to find an external partner to invest in them pre IPO, that will be great as that provides an implicit valuation to the business which will anchor the downside and also manage market expectations on the IPO valuations (regardless of the market). Then it comes down to demand when they eventually launch...
JessTrang ( Date: 03-Oct-2024 09:42) Posted:
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Yes bro, but I' m sceptical about market here to give a good valuations.. STI 17yrs high, thai baht 2yrs high and yet company share price 52week high is zzz...
Still have plenty of time for market makers/shortists to play around till next yr 3rd quarter.
Still have plenty of time for market makers/shortists to play around till next yr 3rd quarter.
n3wbie ( Date: 02-Oct-2024 22:05) Posted:
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ThaiBev allots B18bn for expansion drive
Investment slated for Southeast Asia
PUBLISHED : 2 Oct 2024 at 07:20
Thai Beverage (ThaiBev), the Singapore-listed food and beverage company, plans to allocate 18 billion baht this year for expansion both domestically and internationally.
Chief executive Thapana Sirivadhanabhakdi unveiled the group's "Passion 2030" vision, a new five-year strategic plan that promises agility to adapt to evolving consumer behaviour, providing digital solutions catering to customer needs and preferences.
As the service sector has huge room for growth, the group views the digital platform as primed for expansion.
Prapakon Thongtheppairot, executive vice-president in charge of spirit products, said the company will grow its spirits product group over the next five years by exploring opportunities in foreign markets. The company set a total investment budget of 18 billion baht for this fiscal year, from Oct 1, 2024 to Sept 30, 2025, for all products, including food, alcohol and non-alcoholic beverage (NAB). Of the total, the company will invest 2.5 billion baht in Cambodia, he said.
Kosit Suksingha, executive vice-president in charge of NAB and chief of digital and technology, said the company will invest in the AgriValley project in Malaysia with a total budget of 8 billion baht. The project aims to raise 20,000 cows in an area covering 2,726 hectares.
The project in Malaysia will be an integrated dairy farm with a closed-loop system to serve the local market. The company also sees Malaysia as a base for halal products," Mr Kosit.
He said the company's Thai NAB segment has performed well. The company views Malaysia, Vietnam, Myanmar and Thailand as its strategic core markets for NAB.
While the strategic market includes Singapore, Cambodia and Laos, Indonesia is a promising market for the company, said Mr Kosit.
"Moreover, the overall Thai NAB sector has benefited from the 10,000-baht cash handout scheme," said Mr Kosit.
"Thais have less money as a result of the pandemic, However, I believe the country's economy will gradually improve in the near future through the government's stimulus measures," said Mr Thapana.
Please credit and share this article with others using this link: https://www.bangkokpost.com/business/general/2875793/thaibev-allots-b18bn-for-expansion-drive. View our policies at http://goo.gl/9HgTd and http://goo.gl/ou6Ip. © Bangkok Post PCL. All rights reserved.
Investment slated for Southeast Asia
PUBLISHED : 2 Oct 2024 at 07:20
Thai Beverage (ThaiBev), the Singapore-listed food and beverage company, plans to allocate 18 billion baht this year for expansion both domestically and internationally.
Chief executive Thapana Sirivadhanabhakdi unveiled the group's "Passion 2030" vision, a new five-year strategic plan that promises agility to adapt to evolving consumer behaviour, providing digital solutions catering to customer needs and preferences.
As the service sector has huge room for growth, the group views the digital platform as primed for expansion.
Prapakon Thongtheppairot, executive vice-president in charge of spirit products, said the company will grow its spirits product group over the next five years by exploring opportunities in foreign markets. The company set a total investment budget of 18 billion baht for this fiscal year, from Oct 1, 2024 to Sept 30, 2025, for all products, including food, alcohol and non-alcoholic beverage (NAB). Of the total, the company will invest 2.5 billion baht in Cambodia, he said.
Kosit Suksingha, executive vice-president in charge of NAB and chief of digital and technology, said the company will invest in the AgriValley project in Malaysia with a total budget of 8 billion baht. The project aims to raise 20,000 cows in an area covering 2,726 hectares.
The project in Malaysia will be an integrated dairy farm with a closed-loop system to serve the local market. The company also sees Malaysia as a base for halal products," Mr Kosit.
He said the company's Thai NAB segment has performed well. The company views Malaysia, Vietnam, Myanmar and Thailand as its strategic core markets for NAB.
While the strategic market includes Singapore, Cambodia and Laos, Indonesia is a promising market for the company, said Mr Kosit.
"Moreover, the overall Thai NAB sector has benefited from the 10,000-baht cash handout scheme," said Mr Kosit.
"Thais have less money as a result of the pandemic, However, I believe the country's economy will gradually improve in the near future through the government's stimulus measures," said Mr Thapana.
Please credit and share this article with others using this link: https://www.bangkokpost.com/business/general/2875793/thaibev-allots-b18bn-for-expansion-drive. View our policies at http://goo.gl/9HgTd and http://goo.gl/ou6Ip. © Bangkok Post PCL. All rights reserved.
More importantly the valuation multiples!
JessTrang ( Date: 02-Oct-2024 12:58) Posted:
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Hope they consider carefully where to proceed with the IPO...
ThaiBev revives IPO plan for beer unit, eyes potential partners
ThaiBev is also exploring options for its spirits business, including an initial public offering in Singapore
The IPO of the beer unit called BeerCo is possible as early as the third quarter of next year if ThaiBev is able to decide on the share sale by December, says Michael Chye, chief of the beer products group.
Thai Beverage is reviving plans for an initial public offering of its beer unit to take advantage of a rally in global stock markets, besides weighing the induction of an equity partner, according to company executives.
The IPO of the beer unit called BeerCo is possible as early as the third quarter of next year if ThaiBev is able to decide on the share sale by December, Michael Chye, chief of the beer products group, told reporters in Bangkok on Tuesday (Oct 1).
Separately, Thapana Sirivadhanabhakdi, chief executive of Singapore-listed ThaiBev, told Bloomberg the company has &ldquo received good interest&rdquo from potential partners for the beer unit and the firm is holding talks with two of them. Although he mentioned that plans were afoot for BeerCo&rsquo s IPO, he didn&rsquo t say if the company would still bring in a partner in the event of the share sale going ahead.
The latest plan comes two years after ThaiBev, controlled by tycoon Charoen Sirivadhanabhakdi, shelved a proposal to raise as much as US$1 billion due to weak market conditions. That&rsquo s changed now amid a rally in global stock markets coinciding with central banks around the world pivoting to monetary easing.
&ldquo Interest rates have started to fall worldwide and the stock markets are coming back strongly,&rdquo Chye said. &ldquo Therefore, we are looking at the IPO again. We will make a decision soon, may be in couple of months.&rdquo
ThaiBev is also exploring options for its spirits business, including an initial public offering in Singapore, Bloomberg reported last year. The company held preliminary discussions with banks on alternatives including selling a stake in the maker of the country&rsquo s best-selling liquor brands Mekhong and Ruang Khao.
Prapakon Thongtheppairot, president and head of spirits business of ThaiBev said, the company would prioritise beer unit&rsquo s IPO for now as it will help pave the way for listing of other businesses in the future.
ThaiBev reported a revenue of 217.06 billion baht (S$8.5 billion) in the nine months ended June, little changed from a year earlier, with Ebitda rising 2.2 per cent to 38.6 billion baht. The beer business posted a 10.2 per cent increase in Ebitda to 11.9 billion baht, according to a company statement.
touched 54
Agreed, returns were flat over the last 12 months and marginally if we compare that to ytd - lets see if market reacts after the announcements yesterday but had thought that it was more of a macro issue given the situation in Thailand which caused the de-rating earlier part of this year but hope share price can recover soon
vicloo ( Date: 02-Oct-2024 05:01) Posted:
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will see some positive action today - 55c?
Sadly one of worst performing SGS stock in 2024 so far..... china related stocks, reits, banks had all raiiled.... except this Elephant.... sigh.
n3wbie ( Date: 01-Oct-2024 23:38) Posted:
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Good that the company dint rush to spin-off the beerco previously given the weak market sentiment. It is also positive that there is greater stability with Thai politics and that the new administration is pro-business. From the article, it also appears that management is guiding for another spin-off for the spirits business to do its IPO so should both IPOs take off, that will crystallise and unlock significant latent value in the company. The restructuring done with FPL is clearly a necessary step for the stock to be a pure play F& B counter. Lets see if market rewards and re-rates the stock
piscesmonkey ( Date: 01-Oct-2024 18:37) Posted:
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ThaiBev revives IPO plan for beer unit, eyes potential partners
https://www.businesstimes.com.sg/companies-markets/thaibev-revives-ipo-plan-beer-unit-eyes-potential-partners
(Bloomberg) -- Thai Beverage Pcl has received &ldquo good interest&rdquo from potential partners for its brewery unit, according to CEO Thapana Sirivadhanabhakdi.
- ThaiBev is in talks with at least two potential partners for the beer unit called BeerCo, Thapana tells Bloomberg news in Bangkok on Tuesday
- The company also has a ready plan for an initial public offering
Hi folks, any idea if the next financial results of thaibev is based on post swap or pre swap of FNN & Fraser Property shares?