Thai Beverage (ThaiBev)

SINGAPORE (Jan 6): Even as Thai billionaire Charoen Sirivadhanabhakdi pursued control of Fraser and Neave (F&N) in 2012, the company sold its stake in Asia Pacific Breweries to Heineken International at a lofty price.

SINGAPORE (Nov 23): DBS is recommending a “long-term buy” on Thai Beverage with a target price of $1.09 as it sees the F&B manufacturer morphing into a regional player that could lead to a rerating of the stock.

SINGAPORE (Nov 21): Thai Beverage posted a 7.4% fall in 9M16 earnings to 18.9 billion baht ($757 million) in the absence of a 3.8 billion baht gain from the disposal of interest in associate F&N/FCL in 9M15.

SINGAPORE (Oct 12): Singapore's benchmark Straits Times Index closed 1.5% down at 2,813.71 on Wednesday, dragged down by heavyweights amid weak regional cues.

SINGAPORE (Sept 19): Singapore stocks closed higher on Monday as a late afternoon push by traders expecting a dovish FOMC meeting took it 0.87% or 24.69 points higher to 2,852.14.

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.