Singapore Stock Market News

Thai Beverage - What is Charoen doing?

StockFanatic
Publish date: Fri, 24 Jul 2015, 04:10 PM
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Charoen has reportedly sold 534m Thai Bev warrants that will allow warrant holders to convert 1-for-1 to Thai Bev shares on Jul-2018, at an exercise price of S$0.9941. We read this as the tycoon cashing in on some warrant premiums when he does not think that share price can do so well over the next three years. With EPS growth of 7-8% in FY16-17, we think he has a point.
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