- Thai Beverage announced a share swap deal that would see the group streamline its businesses to become a pure-play regional F&B player. The proposed swap deal would increase Thai Beverage’s stake in its associate F&N, and is expected to be earnings accretive and create operating and cost synergies with Thai Beverage’s NAB segment.
- - Read this at SGinvestors.io -
Exiting property business.
- - Read this at SGinvestors.io -
- The proposed share swap will see IBIL transfer its entire 28.78% share in Frasers Property to TCC, with TCC transferring to IBIL 41.30% of its shares in F&N.
- Upon completion, Thai Beverage would not have any interest in Frasers Property but an increased stake in F&N from the existing 28.31% to 69.61%. TCC would still retain 17.60% of F&N and own 86.89% of Frasers Property.
- We note that TCC is owned by the Sirivadhanabhakdi family which has controlling stakes in the companies involved in the swap deal, which includes Thai Beverage.
Pure-play regional F&B player.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
Llelleythan Tan UOB Kay Hian Research | Heidi Mo UOB Kay Hian | https://research.uobkayhian.com/ 2024-07-19
Read also UOB's most recent report:
2024-08-12 Thai Beverage - 3QFY24 Stable Performance As Beer Outperforms.
Price targets by 3 other brokers at Thai Beverage Target Prices.
Listing of research reports at Thai Beverage Analyst Reports.
Relevant links:
Thai Beverage Share Price History,
Thai Beverage Announcements,
Thai Beverage Dividends & Corporate Actions,
Thai Beverage News Articles
