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.

SINGAPORE (May 24): Soft-drinks maker Fraser & Neave will likely be fully integrated under Thai Beverage in the coming quarters as the parent of both companies, TCC, seeks to restructure its holdings, says Religare analyst Nirgunan Tirchuchelvam.