ThaiBev's spirits dampened by spike in net gearing on Sabeco acquisition
Stanislaus Jude Chan • • 2 min read
SINGAPORE (Jan 11): OCBC Investment Research says Thai Beverage is likely to see its share price remain volatile in the near term, amid concerns over a spike in its net gearing.
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SINGAPORE (Jan 11): OCBC Investment Research says Thai Beverage is likely to see its share price remain volatile in the near term, amid concerns over a spike in its net gearing.
ThaiBev is expected to see its net gearing surge to 1.3 times, from the current 0.2 times, as the result of the acquisition of Vietnamese brewer Sabeco for nearly US$5 billion ($6.8 billion).
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