F&N

ThaiBev shareholders voted overwhelmingly for a share swap, divesting FPL for F&N

The spin off will create the largest beer “platform” in Asean, with a volume market share of 23.4% for FY2020.

The company plans to pay a final dividend of 3.5 cents, which brings its full-year payout to five cents

SINGAPORE (Feb 9): Here are some stocks that could move the market this Thursday morning.

SINGAPORE (Jan 10): Here are some stocks that could move the market this Tuesday morning:

SINGAPORE (Nov 7): Fraser and Neave reported earnings of $108.1 million for FY16, a 82.9% decrease from the earnings of $632.6 million in FY15 which was boosted by the one-off $541.5 million gain from the sale of its 55% stake in Myanmar Brewery.

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.

SINGAPORE (June 16): OCBC Investment Research is downgrading its “buy” to “hold” recommendation on Thai Beverage (ThaiBev), while lifting its fair value estimate for the stock from 83 cents to 89 cents.