beer

SINGAPORE (July 3): The worst is over for Thai Beverage in view of a marked recovery in Thailand’s beer consumption data, says RHB Research, which has maintained its "buy" rating on the counter with a $1.10 price target estimate.

HONG KONG/TOKYO (Jan 27): For a foreign brewer hoping to gain an edge in the Chinese market, it seemed like the ideal alliance: Japan’s largest beermaker teaming up with one of China’s premier brands. Yet, Asahi Group Holdings Ltd.’s 2009 purchase

SINGAPORE (Nov 21): CIMB has maintained its “add” recommendation for Thai Beverage despite a rather disappointing result from 3QFY16.

SINGAPORE (Sept 30): Boon Rawd, the brewer of Leo beer, has yet to make a move to wrest back market share won by rival Chang beer, according to Thai Beverage.

SINGAPORE (Sept 29): OCBC Research is downgrading Thai Beverage to “hold” with a fair value estimate of $1.01, citing uncertainty in its attempts to acquire Vietnam’s largest brewer, Saigon Beer, Alcohol, Beverages Corporation (Sabeco).

SINGAPORE (Sept 22): Fraser and Neave has appointed two new CEOs for its beer and food business segments with effect from October.