The proposed share swap will see ThaiBev fully dispose of its 28.78% stake in Frasers Property (SGX:TQ5
) Limited (FPL) in exchange for a 41.3% higher stake in Fraser and Neave (F&N), up from 28.31% to 69.61%.
Analysts have mixed views on Thai Beverage (SGX:Y92) (ThaiBev) after its proposal of a non-cash share swap with parent company TCC Assets Limited. Analysts from PhillipCapital Research and CGS International (CGSI) Research are keeping their “buy” and “hold” calls respectively.
PhillipCapital has an unchanged target price of 63 cents, while CGSI has an unchanged target price of 50 cents.
