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Becos rumors talk on IPO again....speculation
huattuatua ( Date: 11-Jul-2024 11:45) Posted:
| out of the blue, today' s thai bev looks darn strong |
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Better in blue then keep showing red.. hahhaa
out of the blue, today' s thai bev looks darn strong
let' s see if it can break 0.5 first. will be important to re-establish the support level at 0.5 and prove the recent slump is one-off.
slow and steady wins the race.
vivacious ( Date: 10-Jul-2024 17:23) Posted:
| time to go back to 6 series |
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time to go back to 6 series
It' s definitely a big boost to local economy. Jobs creation, F & B, hotels, transport, telco, entertainment etc. locals incomes will increase to boost consumption.. but it' s bad news for genting sg..
https://www.channelnewsasia.com/commentary/thailand-bangkok-visit-casino-gambling-tourism-japan-singapore-marina-bay-4457256?cid=internal_sharetool_ipad_10072024_cnavivacious ( Date: 10-Jul-2024 08:21) Posted:
https://www.channelnewsasia.com/commentary/thailand-bangkok-visit-casino-gambling-tourism-japan-singapore-marina-bay-4457256?cid=FBcna& fbclid=IwZXh0bgNhZW0CMTEAAR08wmpIGjZrtksfl3m3q3PXVo111q-ydz9oHjnAWzTK_QEnpwV4td9rwJo_aem_HiYWPV-LvV3hsiKw9_-GfQ
Commentary: Singapore' s Marina Bay in Bangkok? Integrated resorts are coming to Thailand
Thailand could leapfrog Japan in opening the next major integrated resort in Asia. It will be looking to replicate, even surpass, Singapore&rsquo s success, says industry expert Daniel Cheng.
boost to thau bev? |
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Moving up today ...can sustain?
https://www.channelnewsasia.com/commentary/thailand-bangkok-visit-casino-gambling-tourism-japan-singapore-marina-bay-4457256?cid=FBcna& fbclid=IwZXh0bgNhZW0CMTEAAR08wmpIGjZrtksfl3m3q3PXVo111q-ydz9oHjnAWzTK_QEnpwV4td9rwJo_aem_HiYWPV-LvV3hsiKw9_-GfQ
Commentary: Singapore' s Marina Bay in Bangkok? Integrated resorts are coming to Thailand
Thailand could leapfrog Japan in opening the next major integrated resort in Asia. It will be looking to replicate, even surpass, Singapore&rsquo s success, says industry expert Daniel Cheng.
boost to thau bev?
Do opposite OUB maybe can win more, don't tell me they are selling using this to attract retailers investor to cover their sell
JessTrang ( Date: 05-Jul-2024 12:48) Posted:
Alamak, why don' t make a sell call? Always buy ticket to Holland. Hope UOB don' t come out....
Joelton ( Date: 05-Jul-2024 11:46) Posted:
Valuation for ThaiBev' s subsidiary tender offer &lsquo on the high side&rsquo , says DBS
The team at DBS Group Research has maintained its &ldquo buy&rdquo call on Thai Beverage Y92 0.00% (ThaiBev) and target price of 69 cents as the group took another step to restructuring its food and non-alcoholic beverage (NAB) businesses.
ThaiBev announced, on July 3, that it will make a tender offer of 63 baht ($2.33) per share for all 93.9 million shares that it does not already own in Sermsuk Public Company following approval from the group&rsquo s board of directors. The group intends to delist Sermsuk from the Stock Exchange of Thailand (SET) upon the successful closure of the offer.
The offer price, which represents a 28% premium to Sermsuk&rsquo s last trading price as at July 3, values the company at 16.8 billion baht, or 68 times its FY2023 net profit of 248 million baht.
As at Dec 6, 2023, which is the latest record date for Sermsuk&rsquo s shareholders, ThaiBev&rsquo s indirect wholly owned subsidiary, So Water, holds 171.95 million shares in Sermsuk, or a 64.67% stake.
&ldquo The transaction is expected to cost 5.9 billion baht, [which is a] relatively small amount compared to its cash and cash equivalent of 46.2 billion baht as of March 31,&rdquo notes the DBS team. The amount is expected to be funded via internally generated and, or externally sourced funds.
Compared to the privatisation of another ThaiBev subsidiary Oishi a year ago, which cost the group some 4.5 billion baht, the valuation for the Sermsuk transaction is " on the high side" , as the offer price is pegged to the latter&rsquo s current share price.
&ldquo Post-acquisition, we estimate that [ThaiBev' s] net debt to ebitda would increase slightly from 3.2 times as of March 31 to around 3.3 times, which remains manageable,&rdquo the team writes in its July 4 update.
Based on the timeline of Oishi&rsquo s privatisation, Sermsuk&rsquo s privatisation is expected to take around five to six months to complete.
Following the privatisation, the DBS team does not foresee any major changes to Sermsuk&rsquo s operations given ThaiBev&rsquo s current majority stake in the former.
Sermsuk is a leading NAB company in Thailand with a portfolio of carbonated and non-carbonated drinks including the country&rsquo s own Est Cola, Crystal drinking water and Oishi ready-to-drink green tea. It became a part of the ThaiBev group after Thai Beverage Logistics acquired all 265.9 million of its shares for 15.4 billion baht or 58 baht per share in 2012.
On Dec 28, 2015, Thai Beverage Logistics sold the company&rsquo s 171.9 million common shares to So Water Company, an indirect subsidiary of one of the group companies of ThaiBev.
&ldquo With the recent slide in share price, [ThaiBev&rsquo s] valuation is attractive with a yield of [over] 5%,&rdquo says the team.
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Alamak, why don' t make a sell call? Always buy ticket to Holland. Hope UOB don' t come out....
Joelton ( Date: 05-Jul-2024 11:46) Posted:
Valuation for ThaiBev' s subsidiary tender offer &lsquo on the high side&rsquo , says DBS
The team at DBS Group Research has maintained its &ldquo buy&rdquo call on Thai Beverage Y92 0.00% (ThaiBev) and target price of 69 cents as the group took another step to restructuring its food and non-alcoholic beverage (NAB) businesses.
ThaiBev announced, on July 3, that it will make a tender offer of 63 baht ($2.33) per share for all 93.9 million shares that it does not already own in Sermsuk Public Company following approval from the group&rsquo s board of directors. The group intends to delist Sermsuk from the Stock Exchange of Thailand (SET) upon the successful closure of the offer.
The offer price, which represents a 28% premium to Sermsuk&rsquo s last trading price as at July 3, values the company at 16.8 billion baht, or 68 times its FY2023 net profit of 248 million baht.
As at Dec 6, 2023, which is the latest record date for Sermsuk&rsquo s shareholders, ThaiBev&rsquo s indirect wholly owned subsidiary, So Water, holds 171.95 million shares in Sermsuk, or a 64.67% stake.
&ldquo The transaction is expected to cost 5.9 billion baht, [which is a] relatively small amount compared to its cash and cash equivalent of 46.2 billion baht as of March 31,&rdquo notes the DBS team. The amount is expected to be funded via internally generated and, or externally sourced funds.
Compared to the privatisation of another ThaiBev subsidiary Oishi a year ago, which cost the group some 4.5 billion baht, the valuation for the Sermsuk transaction is " on the high side" , as the offer price is pegged to the latter&rsquo s current share price.
&ldquo Post-acquisition, we estimate that [ThaiBev' s] net debt to ebitda would increase slightly from 3.2 times as of March 31 to around 3.3 times, which remains manageable,&rdquo the team writes in its July 4 update.
Based on the timeline of Oishi&rsquo s privatisation, Sermsuk&rsquo s privatisation is expected to take around five to six months to complete.
Following the privatisation, the DBS team does not foresee any major changes to Sermsuk&rsquo s operations given ThaiBev&rsquo s current majority stake in the former.
Sermsuk is a leading NAB company in Thailand with a portfolio of carbonated and non-carbonated drinks including the country&rsquo s own Est Cola, Crystal drinking water and Oishi ready-to-drink green tea. It became a part of the ThaiBev group after Thai Beverage Logistics acquired all 265.9 million of its shares for 15.4 billion baht or 58 baht per share in 2012.
On Dec 28, 2015, Thai Beverage Logistics sold the company&rsquo s 171.9 million common shares to So Water Company, an indirect subsidiary of one of the group companies of ThaiBev.
&ldquo With the recent slide in share price, [ThaiBev&rsquo s] valuation is attractive with a yield of [over] 5%,&rdquo says the team.
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Valuation for ThaiBev' s subsidiary tender offer &lsquo on the high side&rsquo , says DBS
The team at DBS Group Research has maintained its &ldquo buy&rdquo call on Thai Beverage Y92 0.00% (ThaiBev) and target price of 69 cents as the group took another step to restructuring its food and non-alcoholic beverage (NAB) businesses.
ThaiBev announced, on July 3, that it will make a tender offer of 63 baht ($2.33) per share for all 93.9 million shares that it does not already own in Sermsuk Public Company following approval from the group&rsquo s board of directors. The group intends to delist Sermsuk from the Stock Exchange of Thailand (SET) upon the successful closure of the offer.
The offer price, which represents a 28% premium to Sermsuk&rsquo s last trading price as at July 3, values the company at 16.8 billion baht, or 68 times its FY2023 net profit of 248 million baht.
As at Dec 6, 2023, which is the latest record date for Sermsuk&rsquo s shareholders, ThaiBev&rsquo s indirect wholly owned subsidiary, So Water, holds 171.95 million shares in Sermsuk, or a 64.67% stake.
&ldquo The transaction is expected to cost 5.9 billion baht, [which is a] relatively small amount compared to its cash and cash equivalent of 46.2 billion baht as of March 31,&rdquo notes the DBS team. The amount is expected to be funded via internally generated and, or externally sourced funds.
Compared to the privatisation of another ThaiBev subsidiary Oishi a year ago, which cost the group some 4.5 billion baht, the valuation for the Sermsuk transaction is " on the high side" , as the offer price is pegged to the latter&rsquo s current share price.
&ldquo Post-acquisition, we estimate that [ThaiBev' s] net debt to ebitda would increase slightly from 3.2 times as of March 31 to around 3.3 times, which remains manageable,&rdquo the team writes in its July 4 update.
Based on the timeline of Oishi&rsquo s privatisation, Sermsuk&rsquo s privatisation is expected to take around five to six months to complete.
Following the privatisation, the DBS team does not foresee any major changes to Sermsuk&rsquo s operations given ThaiBev&rsquo s current majority stake in the former.
Sermsuk is a leading NAB company in Thailand with a portfolio of carbonated and non-carbonated drinks including the country&rsquo s own Est Cola, Crystal drinking water and Oishi ready-to-drink green tea. It became a part of the ThaiBev group after Thai Beverage Logistics acquired all 265.9 million of its shares for 15.4 billion baht or 58 baht per share in 2012.
On Dec 28, 2015, Thai Beverage Logistics sold the company&rsquo s 171.9 million common shares to So Water Company, an indirect subsidiary of one of the group companies of ThaiBev.
&ldquo With the recent slide in share price, [ThaiBev&rsquo s] valuation is attractive with a yield of [over] 5%,&rdquo says the team.
yes. Always look at a glass half full.
JessTrang ( Date: 05-Jul-2024 09:39) Posted:
Think think only also happy right? Haha
vivacious ( Date: 05-Jul-2024 09:22) Posted:
| just privatise at $1 n call it a da |
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Yeap. Maybe past few results they feel not good for them, they decided to reposition the personnel and try placing right people at the right stations.
n3wbie ( Date: 05-Jul-2024 08:29) Posted:
Seems like there are quite a fair bit of restructuring taking place - not sure about that big block that was transacted two days ago of some 130mn shares at $0.428 then there was the tender offer to privatize Sermsuk to streamline their non-alcoholic portfolio with the F& B. Things seem to be brewing, literally
JessTrang ( Date: 04-Jul-2024 15:36) Posted:
There were other better news in the past than this bro... it has been dumped too low to go back 0.6x series to be on par in this industry..
anyway, think the only catalyst news is the beer co ipo or big brand partnership... |
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Think think only also happy right? Haha
vivacious ( Date: 05-Jul-2024 09:22) Posted:
just privatise at $1 n call it a day
n3wbie ( Date: 05-Jul-2024 09:10) Posted:
| Anything is possible - ultimately up to the family who is single largest shareholde |
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Seems like got chance to average down ard 40
just privatise at $1 n call it a day
n3wbie ( Date: 05-Jul-2024 09:10) Posted:
Anything is possible - ultimately up to the family who is single largest shareholder
vivacious ( Date: 05-Jul-2024 08:47) Posted:
| is privatization possible? |
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Anything is possible - ultimately up to the family who is single largest shareholder
vivacious ( Date: 05-Jul-2024 08:47) Posted:
| is privatization possible? |
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is privatization possible?
Seems like there are quite a fair bit of restructuring taking place - not sure about that big block that was transacted two days ago of some 130mn shares at $0.428 then there was the tender offer to privatize Sermsuk to streamline their non-alcoholic portfolio with the F& B. Things seem to be brewing, literally
JessTrang ( Date: 04-Jul-2024 15:36) Posted:
There were other better news in the past than this bro... it has been dumped too low to go back 0.6x series to be on par in this industry..
anyway, think the only catalyst news is the beer co ipo or big brand partnership...
Sgvale ( Date: 04-Jul-2024 15:11) Posted:
| I tot this news will send Thaibev flying |
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There were other better news in the past than this bro... it has been dumped too low to go back 0.6x series to be on par in this industry..
anyway, think the only catalyst news is the beer co ipo or big brand partnership...
Sgvale ( Date: 04-Jul-2024 15:11) Posted:
I tot this news will send Thaibev flying?
Newtt540 ( Date: 04-Jul-2024 11:03) Posted:
BANGKOK: Thai Prime Minister Srettha Thavisin may end a 52-year-old ban on afternoon alcohol sales after appeals from the tourism industry, which is struggling with rising costs and weak consumer spending.
&ldquo PM Srettha is pleased to consider proposals from restaurant operators to change laws that ban sales of alcoholic beverages from 2pm-5pm,&rdquo according to a statement on the Royal Thai Government website.
&ldquo We have to look at the overall picture on this,&rdquo Srettha said in the statement.
&ldquo Costs are rising, but the government is also promoting tourism, which will help boost restaurant operators&rsquo income.&rdquo
The prime minister is under pressure to revive South-East Asia&rsquo s second-largest economy, with a recent opinion survey showing that more than half of the Thais are unhappy with Srettha&rsquo s performance.
Such a move would provide relief to many thirsty tourists in Thailand, which is sweltering in temperatures of almost 38 deg C, and help bars, hotels and eateries.
The Restaurant Business Club submitted a letter to Srettha on Tuesday (July 2) asking for urgent relief measures &ndash including an end to the afternoon alcohol sales ban &ndash to alleviate rising costs and a moribund economy.
The country is targeting a total of 36.7 million travellers this year to help boost gross domestic product growth to 3 per cent.
It welcomed 17.5 million foreign tourists in the first half.
But even as visitors return, the Thai Hotels Association earlier this week made a similar appeal for assistance, pushing for a tax deduction or subsidy for renovations as they grapple with uneven post-pandemic recovery.
The three-hour ban on alcohol sales has been in force since 1972 when Thailand became one of the world&rsquo s most popular leisure destinations.
The tourism industry&rsquo s push for urgent measures to woo visitors also comes as Thailand, which two years ago became the first country in Asia to decriminalise the use of cannabis, is preparing to reclassify marijuana as a narcotic, tightening rules on planting, sales, and exports and imports. - Bloomberg
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