Highlights

SGX Stocks and Warrants

Author: kimeng   |   Latest post: Fri, 1 Dec 2017, 02:18 PM

 

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 0.955 +0.005 (0.53%) 2,827,000 

Market Buzz

Date Type Subject
12-Dec-2017 Announcement Request for Trading Halt::Request for trading halt

  Be the first to like this.
 


 

187  126  204  578 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 Infinio Group 0.003+0.001 
 Midas 0.115+0.013 
 Jiutian Chemical 0.065+0.003 
 Allied Tech^ 0.068-0.001 
 Cosco 0.45+0.005 
 Noble 0.210.00 
 Rowsley 0.113+0.001 
 MagnusEnergy 0.0010.00 
 Vallianz 0.0130.00 
 Noble Group 0.19+0.048 
Partners & Brokers