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alcoholic beverages
Company in the news
Ascent Bridge subsidiary enters partnership to promote baijiu brand Moutai Bulao
The partnership is expected to contribute positively to Ascent Bridge's revenue for the FY2025 ending March 31, 2025.
April 19, 2024
M&A
AEI Corp changes name to Ascent Bridge, to fully acquire MTBL Global for $16.9 mil
The name change is to better reflect the company’s focus on its new business.
March 16, 2022
Corporate moves
AEI pivots from aluminium making to alcohol distribution
Aluminum products manufacturer AEI is now pivoting into the liquor business, in a bid to enhance profitability. Find out more.
March 12, 2021
Broker's Calls
CGS-CIMB downgrades ThaiBev to 'hold' as earnings, revenue will be hit by restrictive measures
SINGAPORE (April 20): CGS-CIMB Research has downgraded Thai Beverage (ThaiBev) to a “hold” rating with a lower target price of 70 cents from 90 cents previously.
April 20, 2020
Broker's Calls
Why tax hikes are unlikely to dampen ThaiBev's spirits
SINGAPORE (Sept 19): OCBC is maintaining its “buy” call on Thai Beverage with a fair value estimate of $1.01 given the stock’s long-term growth prospects.
September 19, 2017