Long awaited restructuring will push this company a step closer to being regional F&B player

SINGAPORE (March 23): CIMB is maintaining its “add” call on Thai Beverage with $1.07 target price, on expectations the company will take a step closer to becoming a regional beverage player once F&N and Frasers Centrepoint’s restructuring are completed by September.

The corporate revamp of Thaibev’s 28% stake in both F&N and FCL has long been expected. This involves Thaibev divesting its FCL stake and buying a bigger F&N stake.

According to CIMB, the difference this time round is management is sounding quite confident that the restructuring is expected to be completed by Sept 2017 although details have so far been scant.

---

Related Stories

• Digitalisation and a customer-centric approach fuel growth for CIMB
• Analysts maintain 'buy' on ThaiBev following updates, including on long-awaited BeerCo IPO
• Nazir Razak's Ikhlas Capital investing up to US$40 million in Food Empire

---