Thai Beverage (ThaiBev)

ThaiBev reports earnings of 27.2 bil baht for FY2024, down 0.8% y-o-y - THE EDGE SINGAPORE

Results

ThaiBev reports earnings of 27.2 bil baht for FY2024, down 0.8% y-o-y

Earnings per share for the period stood at 1.15 baht, as compared to 1.09 baht in FY2023.

Broker's Calls

ThaiBev’s share swap transaction could reduce conglomerate discount, analysts keep ‘buy’

The corporate action could act as a catalyst to the stock price, the analysts say.
Analysts mixed on ThaiBev after ‘long expected’ proposed share swap with TCC Assets  - THE EDGE SINGAPORE

Broker's Calls

Analysts mixed on ThaiBev after ‘long expected’ proposed share swap with TCC Assets

PhillipCapital sees the transaction as “mildly positive”, while CGSI says the negotiated price “appears fair”.

Global Economy

Briefs: ThaiBev share swap values FPL at $1.89 per FPL share; Allianz offers $40.58 per Income share

In other news, UMS is eyeing a secondary listing in Malaysia; former Fed official Kaplan sees rate cuts likely in September.
RHB maintains ‘overweight’ on F&B sector; remains positive on valuation and growth outlook - THE EDGE SINGAPORE

Broker's Calls

RHB maintains ‘overweight’ on F&B sector; remains positive on valuation and growth outlook

Top picks include Thai Beverage, Delfi, and Food Empire following GDP and consumption improvement in Vietnam and Indonesia.

Broker's Calls

Valuation for ThaiBev's subsidiary tender offer ‘on the high side’, says DBS

The team has kept its "buy" call and target price of 69 cents.
MSCI Singapore index’s uptrend likely to stay intact in next few months: CGS International  - THE EDGE SINGAPORE

Broker's Calls

MSCI Singapore index’s uptrend likely to stay intact in next few months: CGS International

The communications and retail sectors were Singapore’s brightest spots in the month
REITs becoming ‘more attractive relative bet’, says PhillipCapital  - THE EDGE SINGAPORE

Singapore economy

REITs becoming ‘more attractive relative bet’, says PhillipCapital

PhillipCapital favours CapitaLand Investment and Cromwell European REIT; drops Thai Beverage from model portfolio
Analysts keep 'buy' call on ThaiBev despite decline in 1HFY2024 results - THE EDGE SINGAPORE

Broker's Calls

Analysts keep 'buy' call on ThaiBev despite decline in 1HFY2024 results

DBS and UOBKH believe that headwinds will abate and economic activity will recover in 2H2024.
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