SGX Stocks and Warrants

Author: kimeng   |   Latest post: Thu, 19 Oct 2017, 09:47 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 0.97 +0.005 (0.52%) 10,227,000 

  Be the first to like this.


120  112  193  644 

Top 10 Active Counters
 Rowsley 0.137-0.001 
 IPCO Intl 0.003+0.001 
 Noble 0.210.00 
 Alliance Mineral 0.375-0.01 
 LifeBrandz 0.0040.00 
 MagnusEnergy 0.0010.00 
 HPH Trust USD 0.455+0.01 
 KrisEnergy 0.1150.00 
 SunMoonFood 0.098+0.003 
 Jiutian Chemical 0.041+0.001 


1. SATS Limited: Entered Into a MOA With Turkish Airlines SGX Stocks and Warrants
2. China State Construction International: On Track to Deliver SGX Stocks and Warrants
3. Q&A : Bitcoin STE's Stocks Investing Journey
4. M1 Ltd: 9M17 Largely In-line With Expectations SGX Stocks and Warrants
5. Keppel DC REIT: 3Q17 Results In-line With Expectations SGX Stocks and Warrants
Partners & Brokers