SGX Stocks and Warrants

Author: kimeng   |   Latest post: Thu, 19 Jul 2018, 09:51 AM


Thai Beverage: Potential Acquisition of KFC Stores in Thailand

Author:   |    Publish date:

Thai Beverage announced that they have entered into an agreement with Yum Restaurants for the potential acquisition of over 240 existing KFC stores in Thailand at a preliminary consideration of THB11.3b (approx. S$463m). A number of developing KFC stores in Thailand are also up for consideration.

Besides expanding its food business into the quick service restaurants (QSR) segment, we believe the group can leverage on KFC’s network to directly distribute its portfolio of beverages to customers in this segment.

The group also believes they would be able to closely understand the consumption trends that are crucial towards sustaining growth of their overall business.

The acquisition will be funded via a combination of internally generated cashflow and external bank borrowings, and it is expected to be completed by the end of Dec-17.

With Thai Bev’s results to be released this Friday after market close, we are keeping our BUY and S$1.01 FV unchanged.

Source: OCBC Research - 10 Aug 2017

Share this
Labels: ThaiBev

Related Stocks

Chart Stock Name Last Change Volume 
ThaiBev 0.76 +0.02 (2.70%) 15,365,300 

  Be the first to like this.


205  123  190  554 

Top 10 Active Counters
 HSI29600MBeCW.. 0.086+0.008 
 HSI26600MBePW.. 0.094-0.012 
 HSI27400MBePW.. 0.13-0.017 
 HSI30400MBeCW.. 0.041+0.005 
 HSI28888VTeCW.. 0.108+0.005 
 HSI28000MBePW.. 0.078-0.02 
 Genting Sing 1.28+0.02 
 APAC Strategic 0.0020.00 
 Ezion 0.082+0.001 
 YZJ Shipbldg SGD 0.860.00 
Partners & Brokers