Post Reply
1-11 of 11
CLSA has a price target of $0.40 for this stock. It said that the IPO proceeds will significantly reduce its net gearing and increase its dividend payout. Also said that it's trading at a 50% discount to regional peers. No mention of growth over the next few years.
Chairman Charoen Sirivadhanabhakdi made his fortune from whisky after winning the concession from the government.He's now, according fo Forbes, Thailand's richest man with US$3b to his name.
Thailand's alcohol market (particularly beer) is seeing moderation in growth, given a already high per capita consumption rate. Competition and regulations have also been tightened. ThaiBev will look abroad for growth, as exports account for less than 1% of total sales.
Credit Suisse forecasts 0%, 7% and 4% EPS growth for 2006/07/08. The lack of growth is due to moderating volume and increase in excise tax on brown spirits. It has a price target of $0.30, implying 2006/07E PE of 15.4x and 14.3x respectively, representing a 23% and 16% discount to regional beer peers, but the target price (TP) is justified by low growth rates. Potential overseas sales growth has not been factored into the TP.
I think is a GOOD STOCK for long term. The P/E is lower than industry average and with world cup coming. More BEERS will be More CHEERS
I think is a GOOD STOCK for long term. The P/E is lower than industry average and with world cup coming. More BEERS will More CHEERS
Historical PE is 14.5x, which is lower than its peer Asia Pacific Breweries' 16.4x.
At issue price of $0.28, its historical PE is 14x. The bulk US$623.7m of the US$692.7m net proceeds will be used to repay long-term loans.
Alot of ppl is try to off load their what ever shares if still able to lock in profit, in this case Thai Brew is nothing special. big boys oso scare yah.. alot of money get stuck, watch out like what CAO did on very 1st day.
If the recent China IPOs are any barometer, the price should open with a bang and treble within an hour and those privileged big boys who always get the big placement lots will be laughing to the Ferrari showroom to book yet another latest model, leaving us monkeys holding the problem baby.
Unless U buy/sell in hundred lots. It px is not going to move in wild swing.
Any indication for Thai beverage share price on Tues opening.