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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.
November 21, 2022
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 (
November 27, 2017
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.
October 17, 2016
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).
September 29, 2016
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
August 29, 2016