Carlsberg

Malaysia

Islamic party wins in Malaysia lead to alcohol, gambling stocks plunge

Stocks related to gaming and alcohol slumped in Malaysia after PAS garnered the most seats at the country’s elections.

M&A

Sabeco gets strong response at Singapore investors' roadshow as Vietnam kicks off sale

SINGAPORE (Nov 27): Vietnam’s biggest brewer Sabeco SAB.HM has received a strong response from potential suitors at an investors’ roadshow in Singapore, its chairman said, as the government moves closer to finalizing a stake sale in the US$9 billion (

Column

ThaiBev’s tipsy valuation: Bloomberg gadfly

(Oct 17): Here's an anomaly: The third-largest company in the world's biggest Buddhist-majority country is ThaiBev, which makes its money selling rum and beer to a population whose religious texts exhort them to abstain from alcohol.

Broker's Calls

ThaiBev faces uncertainty in Vietnam foray

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).

Foreign beermakers fight for more of Vietnam’s thriving market

(Aug 29): Heineken NV’s expansion of its production in Vietnam by taking over a brewery from rival Carlsberg A/S highlights growing interest by global beer brands to quench the thirst of about 70 million locals in one of the world’s fastest-growing ec
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