Others   

Thai Bev

Look like Thai Berwi... is going into more problem just like Thai itself still lock in uncertainty in it political problem.

 

ThaiBev's quarterly sales climbed 5% to 23.9 b baht but costs rose 10% to 17.2 b baht.



"We expect that pending the outcome of the current political and economic situation in Thailand, the beer market may soften somewhat in the second half," ThaiBev said in its quarterly report.



It said the rainy season and the Buddhist Lent period could slow sales in the third quarter, adding that government policies to reduce alcohol consumption in Thailand may also affect its business.



Thai Beverage's share offering was overshadowed by investor concern over the firm's valuation as well as nervousness in the face of jittery markets.



The shares fell as much as 14% below their issue price within days of the offering, but have recently moved above their offer price of $0.28. They ended Thursday's session down 1.7 percent at $0.285, valuing Thailand's largest brewer and distiller at $4.6 billion.

 

Its second-quarter net profit fell 2% yoy to 2.54 b baht as rising costs ate into revenues, and it warned that sales could weaken in the second half of the year.

 

http://www.scandasia.com/viewNews.php?news_id=2449&coun_code=dk Possible Comeback for Carlsberg in Thailand
	After last year?s agreement with multi-billionaire Charoen Sirivadhanabhakdi from Thai Beverage, Carlsberg considers making a comeback on Thailand?s lucrative beer market after three years? absense.
	By Theis Broegger
	Carlsberg may soon find its way back unto the beer shelves in Thailand. After last year?s legal agreement with multi-billionaire Charoen Sirivadhanabhakdi from Thai Beverage, the Danish-owned beer giant considers making a comeback on Thailand?s lucrative beer market after three years? absense. In the legal document, the two parties signed an agreement to investigate the possibilities for a potential cooperation.      ?It has not yet resulted in anything specific, but that is not due to bad feelings,? Carlsberg?s Press Secretary Mr. Jens Peter Skaarup states.      However, should Carlsberg decide to make a move on the Thai beer market, they will face some tough competition. Several international players have already increased their efforts in Thailand ? including Heineken who has entered a joint venture with Asia Pacific Breweries and thus made a serious entrance on the Thai market. The beer battle focuses especially on the luxuries brands, since the local companies Thai Beverages and Boonrawd Brewery have already established themselves on the broader market.
	Created 2006-06-01

 

...so, the price is likely to remain stable (around 0.27) until 29 Jun...

 

found an article on CNA website:

Thai Beverage's listing comes at a difficult time, with share markets across Asia falling and some firms delaying their IPOs.

Analysts do not expect Thai Beverage's stock price to pick up much over the next few weeks.

And even if demand does quicken, its promoters have an option to sell a further 730 million new shares over the next 30 days.

The IPO also allows the promoters to buy back shares if the price falls too low.


Kevin Scully, Managing Director of NetResearch Asia, said: "It's coming out in the current volatile markets, so you would expect it to perform not very well. It's a very large offering of about 5 billion shares and they do have an over-allotment price-stabilisation mechanism of 15 percent. It's about 730 million shares which they can exercise over 30 days from the date of trading. So investors will only be able to get a fair value of the stock, in terms of real demand and supply from long-term retail investors, after the 30 days."


http://www.channelnewsasia.com/stories/singaporebusinessnews/view/211101/1/.html

 

How long they r going to support such px?? world cup is jus around the corner, maybe will run like tiger leh... then px drop liao after that.

 

the full announcement is available on SGX website...

Risen Mark Enterprise (owned by Charoen and his wife) transferred 733 million shares to JPM on 29 May, and then bought 100 million from the open market over 2 days on 30 and 31 May...

 

what annoucement did they make?

 

they made serveral announcements today... not sure how to interpret them...can someone shed some light on it?

 

ya, if JPM is buying back the shares in large volume, it has to announce via SGX, like it did on 30 May, 8.16pm....

see later today if it makes any annoucement...

 

very high vol because there are too many shares liao. also high bid vol may be by the JPM. they "park" the price to stablise it.

if they buy more and move the price higher abit or not, will be better la...

 

very high volume...but very stagnant price...

54.0 million bids

7.5 million sells

11.2 million "mids" (...what does "mid" mean??)

very high bid volume (meaning high demand??) but no increase in price...

 

Avoid this stock for 2 weeks 1st.

 

When the price performs badly and falls below the issue price, JP Morgan has to do some stabilising action. That's its job and responsibility. The action could continue for about 2 weeks.

The reasons are in another thread. You can read them.

 

Ya, but why does JP Morgan think that it has to stabilize the price? 

Are there reasons for the price to crash?

And for how long can JPM help stabilize the price?

 

JP Morgan is the IPO manager, it has to stabilise prices. It's in the contract.

 

pardon me, why JP Morgon want to stablise the price?

and ya, really a gd question how long can JP morgon stablise?

 

read that annoucement on sgx... for how long will they keep on "stabilizing" the price?

 

From SGX website. That's only half the story. JP Morgan bought the shares as it is the IPO manager and has to do some stabilisation action. What will happen when it's over? DOWN.