Thai Beverage (ThaiBev)

SINGAPORE (Aug 11): DBS Vickers Securities is maintaining its “buy” rating on Thai Beverage (ThaiBev) with an unchanged price target of $1.07.

SINGAPORE (Aug 10): DBS Group Research is keeping its “hold” call on Fraser and Neave (F&N) with an unchanged target price of $2.57.

SINGAPORE (Aug 8): Thai Beverage says subsidiary, The QSR of Asia, has agreed to acquire more than 240 existing KFC stores as well as a number of developing KFC stores from Yum Restaurants International (Thailand).

SINGAPORE (July 25): DBS is maintaining its “buy” call on Thai Beverage with a target price of $1.07 as it expects domestic consumption to pick up soon.

SINGAPORE (July 3): The worst is over for Thai Beverage in view of a marked recovery in Thailand’s beer consumption data, says RHB Research, which has maintained its "buy" rating on the counter with a $1.10 price target estimate.

SINGAPORE (May 12): DBS is maintaining its “buy” recommendation on ThaiBev with an unchanged sum-of-parts target price of $1.09.

SINGAPORE (May 11): Thai Beverage saw 1H earnings fall 1.8% to 14.3 billion baht ($580 million) from a year ago as the King’s mourning period had a longer effect than expected.

SINGAPORE (April 13): In the past few weeks, at least two brokerage firms have put out research reports speculating on a potential restructuring at Thai Beverage this year that involves its major stakes in F&N and Frasers Centrepoint Limited (FCL).

SINGAPORE (Feb 15): CIMB is keeping its “add” call on Thai Beverage with an unchanged target price of $1.07 based on EPS forecasts and 2Q17 consumption trends.

SINGAPORE (Feb 14): Thai Beverage posted a 28% rise in 1Q17 earnings to 7.7 billion baht ($313 million) from 6 billion baht in 1Q16.