beverages

1QFY2021 earnings per share (EPS) stood at 3.1 cents, up 14.8% y-o-y.

SINGAPORE (Mar 15): After acquiring its rivals to become Europe’s largest and the world’s second-largest brewery company in recent years, Heineken International is now seeking growth by expanding its sizeable beer portfolio to include the fledgling,

SINGAPORE (July 4): RHB Research is maintaining its “buy” call on Kimly with a higher target price of 46 cents compared to 43 cents previously, following news of the coffee shop operator’s $16 million acquisition of Asian Story Corp (ASC) and its As

SINGAPORE (May 25): Yoma Strategic plans to form a joint venture (JV) company with French spirits giant Pernod Ricard to focus on the production and distribution of whisky in Myanmar.

SINGAPORE (Nov 27): Vietnam’s biggest brewer Sabeco SAB.HM has received a strong response from potential suitors at an investors’ roadshow in Singapore, its chairman said, as the government moves closer to finalizing a stake sale in the US$9 billion (

SINGAPORE (March 24): RHB Research is confident that Fraser & Neave’s (F&N’s) recent move to increase its stake in Vietnam Dairy Products, otherwise known as Vinamilk, is to power the group’s earnings growth ahead. 

HONG KONG/TOKYO (Jan 27): For a foreign brewer hoping to gain an edge in the Chinese market, it seemed like the ideal alliance: Japan’s largest beermaker teaming up with one of China’s premier brands. Yet, Asahi Group Holdings Ltd.’s 2009 purchase

SINGAPORE (Nov 10): DBS Vickers Securities is maintaining its “hold” recommendation on Fraser and Neave Holdings (F&N) with a revised sum-of-parts-based target price of $2.36.

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 (July 27): Yeo Hiap Seng earnings for 2Q ended June doubled to $8.1 million from $4 million due to higher profit from its F&B division.