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held this for 5 years n counting, really disappointing, only look forward to dividends twice yearly
Alignment ( Date: 16-Jan-2026 19:55) Posted:
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Agree. At the current price I would be willing to dip a (small) toe in the water. All I was saying was that I think there are better bets out there, not just from valuation standpoint but more importantly in terms of catalysts to reverse the underperformance.
vivacious ( Date: 14-Jan-2026 19:39) Posted:
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at least Thai Bev dividends are consistent, doesnt drop.
If you are talking about STI index companies I would make a stronger case for Genting, JMH and UOL. Genting also pays a similar dividend yield to Thaibev.
vivacious ( Date: 06-Jan-2026 10:32) Posted:
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" Be fearful when others are greedy, and greedy when others are fearful," is one of Warren Buffett' s most well-known aphorisms.
When pople sell I buy at low price with good dividend return !!!
When pople sell I buy at low price with good dividend return !!!
Safety_first ( Date: 06-Jan-2026 11:16) Posted:
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Agreed !!
The PE is only about 11 (below most of the STI index stock),
It should be traded > 55 cents !!!
The PE is only about 11 (below most of the STI index stock),
It should be traded > 55 cents !!!
vivacious ( Date: 06-Jan-2026 10:32) Posted:
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most undervalued bluechip
ThaiBev moves to refresh F& N board with new directors
Long-serving independent director Chan Heng Wing will retire from his post after the 2026 annual general meeting
[SINGAPORE] The Fraser and Neave (F& N) board will see two directors and one alternate director leave after its annual general meeting (AGM) on Jan 27 as its major shareholder, the Thai Sirivadhanabhakdi family, continues its refresh of the group&rsquo s leadership.
Chan Heng Wing, a former high-ranking diplomat and long-serving corporate figure, will step down as an independent non-executive director following the conclusion of the group&rsquo s 127th annual general meeting (AGM). He has been on the board since January 2018.
The move is part of a broader reconstitution of the board committees, announced F& N in bourse filings on Monday (Jan 5).
Chan is also a director at One Bangkok Holdings and was a director at Banyan Tree Holdings and Frasers Property. He is also an executive board member of the China Cultural Centre in Singapore and non-resident ambassador to Austria for the Ministry of Foreign Affairs.
His departure from the F& N board comes as he approaches the eight-year mark of his tenure. His exit aligns with the broader trend among Singapore-listed firms to refresh independent boards ahead of the Singapore Exchange&rsquo s strict nine-year tenure limit for independent directors.
Also leaving the board is Sithichai Chaikriangkrai, the group chief financial officer of Thai Beverage, who will cease to be a non-independent and non-executive director. Sithichai is on the executive committee of Thai Beverage and has been a board member of both F& N and Frasers Property.
Consequently, his alternate director, Michael Chye, will cease being an alternate to Sithichai, but will remain on the board.
He has been appointed as the alternate director to Prapakon Thongtheppairot, who is slated to join the audit committee alongside Suong Dao Nguyen, subject to re-election.
Following the AGM, Dr Sujittra Sombuntham will also assume the role of chairman of the remuneration committee.
In October, the beverage manufacturer also appointed Rahul Colaco as its new chief executive officer. He succeeded Hui Choon Kit, who retired and stepped down from the post.
The Thai takeover
The latest board renewal comes more than a decade after the Sirivadhanabhakdi family wrestled control of the 130-year-old Singapore conglomerate.
The Thais had faced off against rival suitors to capture the F& N empire in what became one of Singapore&rsquo s most contentious corporate battles over 2012 and 2013.
While Heineken ended up with Asia Pacific Breweries, the Thais gained undisputed control over the rest of F& N&rsquo s diverse portfolio.
Since the takeover and the subsequent spin-off of its property arm into Frasers Property, F& N has been rebuilt into a pure-play food and beverage giant, serving as the spearhead for the Thai group&rsquo s non-alcoholic ambitions in South-east Asia.
Today, the group&rsquo s &ldquo varied businesses&rdquo are anchored by its massive dairies division, which dominates the condensed and evaporated milk markets in Singapore, Malaysia and Thailand.
Its beverages division, sans Tiger Beer, remains a market leader, while the group also retains a legacy publishing and printing arm, which owns Times Publishing and educational giant Marshall Cavendish.
Thailand&rsquo s richest man, Charoen Sirivadhanabhakdi, last year retired as the chairman of Frasers Property, while taking the position of chairman emeritus, and also quit as the chairman of Fraser and Neave.
Still, he retained control of TCC Group, the conglomerate with significant holdings across beverage, real estate, consumer goods and retail companies.
Agree with this totally - the perceived catalysts have always been the spin-off of beerco which management seems to keep investors hopes up but the geopolitics in Thailand is certainly making it and the overall investment thesis of ThaiBev challenging.
Alignment ( Date: 03-Jan-2026 10:17) Posted:
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If you are talking about recent investors who bought at current lows and are buying at a 5+% yield and who expect to be long term holders then I agree with you.
But for those long term holders who bought 5 years ago at a 3% yield and have since lost 40% of their capital investment these people are unlikely to be happy with the way their investment has declined during their holding.
But for those long term holders who bought 5 years ago at a 3% yield and have since lost 40% of their capital investment these people are unlikely to be happy with the way their investment has declined during their holding.
Safety_first ( Date: 03-Jan-2026 09:27) Posted:
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Whether the price up or down presently does not matter much to those long term holders,
They are all waiting to collect dividends of 0.47baht or about 1.9 cents in Feb. $$$$
They are all waiting to collect dividends of 0.47baht or about 1.9 cents in Feb. $$$$
Alignment ( Date: 01-Jan-2026 03:29) Posted:
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Different people have different views on whether this is the case. People who believe in market efficiency and the price reflecting all available information at that point in time would agree with you. The stronger one has that belief, the firmer you think past publically available information does not have any bearing on future market pricing.
Personally I think there are market inefficiencies that can be exploited.
Personally I think there are market inefficiencies that can be exploited.
finjungle ( Date: 30-Dec-2025 15:11) Posted:
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Wolf Money(portfolio review year end 2025)long post (Thai Bev related)
A message of hope&hellip .
If you have not done well in 2025, there is always hope for next. A story came to my mind during my conversation with a friend from Sydney. In 1983, a 61-year-old farmer from Beech Forest, Victoria, by the name of Clift Young with no formal training in long distance running beat a field of highly qualified professional runners in an ultra marathon race between Sydney and Melbourne that stretches 875km. Clift Young was clearly an outlier&hellip
https://lonewolfinvestor.blogspot.com/2025/12/wolf-moneyportfolio-review-year-end_31.html
Wolf Money(Thai Beverage PCL)sold
https://lonewolfinvestor.blogspot.com/2025/12/wolf-moneythai-beverage-pclsold.html
The past does not provide a trend for the future. That was the glorious past.
Would the present managment has the ability and capability to improve the business and the results especially the dividend yield and the share price?
Looks like some are more concerned with attaining personal achievements such as uni degrees and awards.
Would the present managment has the ability and capability to improve the business and the results especially the dividend yield and the share price?
Looks like some are more concerned with attaining personal achievements such as uni degrees and awards.
Alignment ( Date: 30-Dec-2025 14:11) Posted:
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Yes, and in Jan 2021 it was over 82 cents. It' s fallen a lot over time, steadily. My point is that it would take something big to turn the price trend round.
vicloo ( Date: 30-Dec-2025 06:14) Posted:
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17th Nov-24, did close at 60c, thats only 13 months ago.
Alignment ( Date: 30-Dec-2025 05:26) Posted:
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Not just 2025. Over the last 5 years. Can just keep falling unless there is a catalyst to turn things round.
One of 2025 worst performing stock in Sgx
vivacious ( Date: 29-Dec-2025 15:42) Posted:
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yes. SUPER UNDERVALUED
Safety_first ( Date: 22-Dec-2025 18:07) Posted:
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