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Latest Forum Topics / ThaiBev    Last:0.565    +0.005  Post Reply
up or down on debut?
enbloc
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18-Apr-2013 16:46     
 
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 Alert Admin 		beware,fake q
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inbetween
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18-Apr-2013 16:35     
 
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 Alert Admin 		Whats the significance of delisting of F& N? what are the implications?

pcscorpio      ( Date: 18-Apr-2013 14:08) Posted:



they scared f and n wont delist... its a 50 50 bet.

if dun delist price shoots down, if delist price shoots back up.  

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Peter_Pan
Supreme
18-Apr-2013 16:08     
 
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Yells: "did you order dunkin' donuts"
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 Alert Admin 		Next support around 0.52. Gd luck.
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enbloc
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18-Apr-2013 15:42     
 
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agree..thai  suppose to release  announcement today,anyone anynews?18/4


pcscorpio      ( Date: 18-Apr-2013 14:08) Posted:



they scared f and n wont delist... its a 50 50 bet.

if dun delist price shoots down, if delist price shoots back up.  

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Peter_Pan
Supreme
18-Apr-2013 15:41     
 
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Yells: "did you order dunkin' donuts"
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 Alert Admin 		Play by ear. Gd luck.
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pcscorpio
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18-Apr-2013 15:38     
 
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 Alert Admin 		no need to sell. its only being speculated. even if f and n is to go back and trade, thaibev still own 90% of f and n. now they own 90.3%. 
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Peter_Pan
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18-Apr-2013 15:31     
 
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Yells: "did you order dunkin' donuts"
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 Alert Admin 		Must be a delayed effect of the S& P rating downgrade..
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MrRice
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18-Apr-2013 15:29     
 
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 Alert Admin 		sold mine at a loss too...
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enbloc
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18-Apr-2013 15:26     
 
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 Alert Admin 		not confirm,heard big boy offload
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hello123
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18-Apr-2013 15:19     
 
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Yells: " google ' sgx swinger ' - for how stock operators work "
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 Alert Admin

ThaiBev might be a good buy at 56 for a quick punt 

for more details ,see my thaibev chart  
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Octavia
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18-Apr-2013 15:19     
 
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 Alert Admin 		You have news abt F& N?

enbloc      ( Date: 18-Apr-2013 15:18) Posted:



lost 3k..cut
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enbloc
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18-Apr-2013 15:18     
 
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lost 3k..cut
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devilman
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18-Apr-2013 15:09     
 
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 Alert Admin 		I realise my losses.
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pcscorpio
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18-Apr-2013 14:08     
 
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they scared f and n wont delist... its a 50 50 bet.

if dun delist price shoots down, if delist price shoots back up.  
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teeth53
Supreme
18-Apr-2013 10:29     
 
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Yells: "don't learn through life, learn to grow with life "
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 Alert Admin 		The run up is significant since they announcement to bid for F&N, a smaller fish bet for a bigger fish, now that dust had settled.

It's time to settle down too on how best to settle those debt?.
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Flashstep
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18-Apr-2013 10:11     
 
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 Alert Admin 		Any idea why is this stock falling fast? Bad announcement for F&N?
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teeth53
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13-Apr-2013 09:54     
 
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 Alert Admin 		THBEV    Last:0.61   Vol:35957k    -0.015c. On concern of mid to long term debt repayment after succeed in takeover a bigger firm. F&N where addition one more Sing ($S) billon is reguired to borrow to pay off for their successful bid.
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student
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12-Apr-2013 15:44     
 
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In stocks, long or short also can make money. Same same.
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brighteyes
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12-Apr-2013 13:30     
 
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Yells: ""beat them once beat them twice""
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@student/ipunter

Your postings are full of flaming and not useful to traders.Pls go and read up the individual company or issues before passing a sweeping statement.Who dont know it will be a knee jerk reaction with this kind of news.Is it necessary for you to add that it will drop trok trok??It only showed you are a sore loser trying to create panic.

From all yr postings I can sense that  you are a frustrated trader and have lost heavily over the years.I think you have  too many " mothers" . You are just here to past time and  tcss.You are extremely  happy and excited to see bad news affecting investors and you are always there to add salt to it for your own self pleasure. Stop all yr rhetorics and improve  yr quality of posting so as to improve yr own image.This is yr saving grace.

student      ( Date: 11-Apr-2013 22:07) Posted:

Sifu is right.  It will be " si bay jia lat" (trok). Lol.

MrRice      ( Date: 11-Apr-2013 21:54) Posted:

Why must s&p announce this kind of news when market sentiment is bright now haha.. Guess tml market open will jian hong (see red)
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Octavia
Elite
12-Apr-2013 12:10     
 
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Credit rating downgrade is old news

We are not concerned thatS& Phas downgradedThai Bev’s debt from BBB to BBB-on the grounds of increased debt and lower cash flowas the underlying business is sound with strong recurring cash flows.Debt levels were inflated purely because of the F& N-stake purchase.

Target S$0.77 (Long Term: Out Perform)


Ahead, Thai Bev’s net gearing could improvefrom 1.2x to 0.8x if itswapsits 29% stake in F& N for cash plus F& N’s F& B business. We maintain our SOP-basedtarget price, estimates andOutperform call. We see catalystsfrom earnings delivery by the non-alcoholic beverage division and corporate restructuring.

What Happened

S& P has downgraded Thai Bev’s debt rating from BBB to BBB-,citing higher debt and lower cash flow as the reasons for a weaker financial risk profile.

What We Think

This event is not a negative. We highlighted when in ourinitiation that the F& N acquisition will push up debt levelsto > 1.2x. This downgrade by S& P is understandableas interest cover (EBIT/interest expense) did fallfrom 40xpre-F& N acquisition to an estimated 5.5x (FY13).We anticipate improvedinterest cover as debt levels ease, since free cash flow is in excess of business needs.

Furthermore,the domestic business is in a strong position,generating recurring cash flows. Whilstthe F& N acquisition have strained the balance sheet, we argue that Thai Bev is laying the groundwork for dominance ofthe beverage sector in Singapore, Malaysia and Thailand. This makes the business more valuable in spite of balance sheet strains.

We previously highlighted that Thai Bev could swap its 29% stake in F& N for cash plus F& N’s F& B business with TCC (see " Not just an elephant now" ). If that happens, the estimated net proceeds of S$1.2bn could be used to pay down debt, reducing Thai Bev’s net gearing from 1.2x to 0.8x.

What You Should Do

We keep our Outperform call.We see catalystsfrom earnings delivery by the non-alcoholic beverage division and corporate restructuring.
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