Thai Beverage

[millionairemind]

November 14, 2008, 7.19 pm (Singapore time)

Thai Beverage profit up 12% as payments fallBy ANGELA TAN

Thai Beverage Pcl, Thailand's largest brewer and distiller, said profit in the third quarter rose 12 percent as interest payments declined and sales grew after the company raised prices following tax increases.
Net income rose to 2.2 billion baht (US$63 million), or 0.09 baht a share, in the three months ended September, from 1.93 billion baht, or 0.08 baht, a year earlier, the Bangkok-based company said on Friday.

Thai Beverage's debt has declined by 3.9 billion baht from a year ago, driving down interest expenses by 34 percent. Sales increased 3 percent to 22.7 billion baht.

[kennynah]

is this the company that produces Singha Beers?

[blid2def]

Don't think so. It's by Boon Rawd Brewery:

Singha Beer - http://www.singhabeer.com/main_home.htm
Boon Rawd - http://www.boonrawd.co.th/

[eauyong]

Wondering about the 2 in Singapore......soft drinks manufacturer

Thai Beverage eyes stakes in SE Asia drinks firms

Thai BeverageWritten by Thomson Reuters
Friday, 21 August 2009 17:01

Singapore-listed Thai Beverage (TBEV.SI), Thailand's largest brewer, is looking at acquiring stakes in beverage firms in Thailand, Philippines and Singapore, an executive said on Friday.

“We are working on four due diligences on beverage firms - two in Singapore, one in Thailand and one in the Philippines,” Sithichai Chaikriangkrai, a finance director at the firm, told Reuters in Singapore. He declined to give the names of the firms or the size of the stakes.

Philippine firm San Miguel Corp (SMC.PS) (SMCB.PS) said earlier this month it is in talks with foreign groups to sell a substantial stake in its liquor arm Ginebra San Miguel Inc (GSMI.PS) in coming months.

Beverage firms listed in Singapore include Del Monte Pacific (DMPL.SI), Fraser & Neave (FRNM.SI) and Asia Pacific Breweries (APBB.SI).

Thai Beverage has diversified into non-alcoholic drinks and restaurants, from its original beer and spirits businesses. It makes Chang beer, Mekhong whisky and Oishi green tea.

Sithichai said Thai Beverage had also been approached by global investment banks, namely Barclays (BARC.L), Goldman Sachs (GS.N), JPMorgan (JPM.M) and Royal Bank of Scotland (RBS.L), to acquire beverage firms in Russia, India, Sri Lanka and China.

“Our goal is to have international revenues to account for a third of our revenues in three years, from about 5% now,” Sithichai said.

[winston]

Not vested

Rev +26.5%
Profit 19%

http://info.sgx.com/webcoranncatth.nsf/ ... penelement

[winston]

Not vested

THAI BEVERAGE - Singapore-listed brewer and distiller Thai Beverage reported on Wednesday net profit for the financial year ended Dec 31, 2010, of 10.6 billion Thai baht ($358.3 million), little changed from a year earlier.


Source: Reuters

[winston]

Not vested. From Kim Eng:-


Undervalued relative to peers.


THBEV has a dividend payout policy of not less than 50% of net profit. Its payout ratio has been increasing every year since its listing and reached 83% in FY10.

Based on final dividend declared of Bt0.20/share (ex-date 4 May), the stock offers a yield of 2.9%. Still trading close to its IPO price of $0.28, THBEV is at a PER discount to its peers.


Key ratios…

Price-to-earnings: 16.5x
Price-to-NTA: 3.2x
Dividend per share / yield: Bt0.35 / 5.0%
Net gearing: 33%
Net cash as % of market cap: n/a


http://www.remisiers.org/cms_images/ssu08042011ke.pdf

[winston]

not vested

Thai Beverage to buy Pepsi partner Serm Suk By Oranan Paweewun

-- Thai Beverage seeks to acquire Thailand soft-drink maker Serm Suk for US$513 million
-- PepsiCo agrees to sell 41.5% stake in Serm Suk to Thai Beverage
-- Thai Beverage share price falls 3.7%; analyst says purchase price "very expensive"
-- Serm Suk shares end down 7.3%, just below offer price

SINGAPORE (MarketWatch) -- Thai Beverage PCL (Y92.SG) Friday said it has made an offer to acquire Bangkok-listed soft-drink maker Serm Suk PCL , which is partly owned by PepsiCo for US$513 million as the Singapore-listed company seeks to expand its nonalcoholic production lines.

Thai Beverage--whose brands include Chang beer, Sangsom rum and the Oishi chain of Japanese restaurants--is looking to acquire 265.9 million shares of Serm Suk at THB58 each through a voluntary tender offer, which will run from Sept. 15 to Oct. 19, and will fund the acquisition with cash through debt financing.

Serm Suk said in a separate statement Friday that PepsiCo. has agreed to sell its 41.5% stake in the company for THB6.41. billion, or US$213 million, through the voluntary offer.

It did not specify if other major shareholders, which include SS National Logistics Co., Ltd, had agreed to sell their holdings of Serm Suk.

Thai Beverage said in a filing to the Singapore Exchange the acquisition will allow it "to expand the non-alcoholic product portfolio and broaden (its) logistic network to traditional trade". Thai Beverage also said the purchase provides it with an efficient returnable bottle system.

Serm Suk, which was established in 1952, had been an exclusive distributor of Pepsi brands and only terminated its contracts with the U.S. beverage giant in April this year after the two groups failed to agree on terms of a new contract. However, Serm Suk agreed to continue distributing PepsiCo products until November next year.

Thai Beverage President and Chief Executive Thapana Sirivadhanabhakdi told reporters that the Serm Suk will consider renewing the PepsiCo contract when the distribution deal expires.

There are no plans to delist Serm Suk from the Thailand stock market following the tender offer, he added.

Meanwhile, Sakchai Tanaboonchai, a shareholder in SS National Logistics Co., said his group won't sell its 32.62% stake in Serm Suk. It is a long-term investment, he added.

Thai Beverage's shares ended 3.7% lower at S$0.26, compared with a 1.1% fall in the benchmark Straits Times Index.

An analyst at an foreign brokerage said at 35 times price-to-equity it "seems to be a very expensive price to pay for a mature business."
Serm Suk's shares ended Friday down 7.3% to THB57.25, just below the suitor's offer price.

http://www.marketwatch.com/story/thai-b ... 2011-09-09

[winston]

not vested

Thai Beverage Pcl (THBEV SP), Thailand’s largest beer and whiskey maker, added 2 percent to 25.5 Singapore cents.

The stock rose after Maxtop Management Corp., a holding company owned by Thai Beverage controlling shareholder Charoen Sirivadhanabhakdi, bought two million of the brewer’s shares at 25.392 Singapore cents each, raising its stake to 17.17 percent.

Source: Bloomberg

[winston]

not vested

Thai Beverage (THBEV SP, $0.305, NOT RATED)

Thai Beverage is the largest brewer and distiller in Thailand, and is ranked among the top 30 largest market caps in Singapore.

The company recently signed a three-year marketing campaign with two rival football clubs to further boost the image of Chang beer, its flagship product.

The stock currently trades at 15.6x historical PER.

Source: Kim Eng