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Sunday, November 26, 2023

ComfortDelGro - Wah, she is rising up to revisit 1.37! A nice breakout smoothly would likely see her rising up further towards 1.45!

 Chart wise,  bullish mode!



Short term wise,  I think likely to rise up to reclaim 1.37! A nice breakout smoothly plus high volume would likely drive the price higher towards 1.45 to 1.50.

Pls dyodd.



 ComfortDelGro  - 3rd quarter results is out! Net profit after tax is up 54.5 percent to 49.9m. 



Gross revenue is up 3.8 percent to 996.6m.



ComfortDelGro : C52 posted a 54.5 per cent rise in net profit to S$49.9 million for the third quarter ended Sep 30, 2023, from S$32.3 million a year earlier.

The company noted that its profit after tax and minority interests (Patmi) margin for the quarter rose to 5 per cent, from 3.4 per cent a year earlier. Revenue over the same period rose 3.8 per cent to S$996.6 million, from S$960.3 million a year ago.

In a business update on Tuesday (Nov 14), the company noted that its public transport business improved as renewals and indexation in the UK continued to improve margins.




Net cash position with 849.9m cash on hands.

I think results has shown great improvement. 

Final dividend may increase. 

Please dyodd.

Chart wise,  bullish mode!

I think high probability it may reclaim 1.37.




A nice breakout smoothly plus good volume that may likely drive the price higher towards 1.42 than 1.485 with extension to 1.80. Huat ah!

Pls dyodd. 

 

I think high probability she may likely breakout 1.30 and rises higher towards 1.40 than 1.42-1.46. Please dyodd. 



Public transport fare hike: Adults to pay 10 to 11 cents more per journey from Dec 23

The Public Transport Council, which regulates bus and train fares, has granted an overall increase of 7 per cent as part of the 2023 fare review exercise.   


 I think breaking out soon!

Dividend for the interim six months period will be credited to your account today - 31st August, Awesome!

Please dyodd.





She is gaining strength and likely rise up to test 1.30 again!A nice breakout of 1.30 plus high volume would likely see her rising up to revisit 1.35 than 1.43.

Please dyodd.

 Total Revenue is up 1% to 1862m versus 1843m last year! 

Net profit of 78.5m is down 31.9% . If excluding the divestment gains from last year of 30.5m, Net profit is down marginally. 



Interim dividend increase from 2.85 to 2.9 cents.



Taxi operations also saw an improvement of revenue with lower discounts handling out! 

Cash Flow is good. So much cash on hands!



I think the results is not bad! 

Please dyodd.


She is rising up in an orderly manner looks rather bullish!

I think waiting for the next breakout moment!



results should be out by end of August,  dividend is coming!

Please dyodd.

 Chart wise, bullish mode!



Likely to rise up ti test 1.30 than 1.35 with extension to 1.45.

Yield is avoit 3.7% at 1.27.

NAV 1.18+.

She is due to report her first half results soon!

Pls dyodd. 



GD NEWS: Awarded a contract to operate rail services in Paris, France’s capital city.

— marks the Group’s first foray into France’s rail operations market and is a first by a Singapore company.




 Indeed, she has managed to conquer 1.21 and rises up to touch 1.23 looks rather positive!



High probability I think she may rise up to test 1.25-1.27 then 1.30-1.35.

Please dyodd. 

ComfortDelGro is one of the largest land transport companies in the world with a global workforce, a global shareholder base and a global outlook. 


The Group was formed on 29 March 2003 through the merger of two land transport companies - Comfort Group and DelGro Corporation. Both had started out in the 1970s and had, by the time of the merger, grown to become successful listed land transport companies. 

EN Corporate Profile Navigation ABOUT NETWORK INVESTOR SUSTAINABILITY TRANSFORMATION NEWS CONTACT CAREER CORPORATE PROFILE HOME / ABOUT US / CORPORATE PROFILE ComfortDelGro is one of the largest land transport companies in the world with a global workforce, a global shareholder base and a global outlook. The Group was formed on 29 March 2003 through the merger of two land transport companies - Comfort Group and DelGro Corporation. Both had started out in the 1970s and had, by the time of the merger, grown to become successful listed land transport companies.
Following the merger, ComfortDelGro has expanded significantly and now operates in seven countries and has a global fleet of about 34,000 vehicles.

ComfortDelGro’s businesses include bus, taxi, rail, car rental and leasing, automotive engineering services, inspection and testing services, driving centres, non-emergency patient transport services, insurance broking services and outdoor advertising. Apart from being the market leader in Singapore, ComfortDelGro has a significant overseas presence. 


The Group’s operations currently extend from the United Kingdom and Ireland to Australia, New Zealand, Malaysia, as well as across nine cities in China, including Beijing, Shanghai, Guangzhou, Shenyang and Chengdu.

Chart wise,  bullish mode!
Likely to continue to trend higher!






Short term wise,  I think likely to rise up to retest 1.20-1.21! 
A nice breakout smoothly may likely see her rising up further towards 1.25 then 1.30.

NAV 1.186.
PE 14x.
Dividend yield 4.11%.


Please dyodd.

Saturday, November 25, 2023

SATS - Locally one and only Food distributor for Airlines plus Handlers services and cargoes services. Good potential of returning to profitable once the newly acquisition WFS is settling down and generating nice profit ! Chart wise, i think likely to rise up further to test 2.85!

She is taking a breather after hitting the high of 2.78. I think likely to rise up to test 2.78.



A nice crossing over smoothly would like rise up towards 2.85 and above!

Pls dyodd.

Wah, Nice Breakout this morning at 2.74! 



Pathing way for 2.85!

Pls dyodd.

  I think if they didn't acquired WFS most probably they are back to profitability plus resuming paying out dividend. 

But due to the acquisition of WFS I think it may take at least 1-2 years to see the results! 



Chart wise, bullish mode!

Short term wise,  I think likely to rise up ti test 2.74! 

A nice breakout smoothly plus good volume we may likely see her rising up towards 2.83 than 3.00.

Please dyodd.

 Food Solutions 

At SATS, we believe that people should have the choice to eat better, improving their health and well-being with tasty, authentic meals made from responsibly sourced ingredients.

As a leading food solutions provider in Asia, we combine technology with the passion, creativity, and talent of our people to develop quality food products and services for a wide range of customers across a multitude of industries.

Our list of services includes aviation, commercial and institutional catering, food production and distribution capabilities, as well as a growing network of central kitchens for food service chains and institutions.



Full Service Carrier Catering

With two large-scale airline catering centres that can produce up to 120,000 meals a day, state-of-the-art food technologies and an in-house panel of international award-winning SATS Culinary Consultants (SCC), we are well-equipped to deliver quality and innovative food solutions that meet the needs of our full service airline customers.

Our diverse capabilities include ethnic specialty kitchens that cater to Chinese, Thai, Indian, Muslim, Japanese and other cuisines along with a dedicated Halal Boutique Bakery and an artisanal chocolate studio. 

Meals from a curated selection of over 800 weekly inflight menu types, including buy-on-board meals, are prepared in compliance with stringent food safety regulations and tested in Simulated Aircraft Cabins to ensure optimal taste and quality.

To enhance our competitiveness, we tap on people-led technological innovations to increase productivity and improve food quality so as to meet the growing demands for affordable food solutions.

Institutional Catering

As part of our Food Solutions business, SATS works closely with our institutional customers to develop delicious, nourishing meals and customised end-to-end services that help to promote better health and eating habits.  

Equipped with state-of-the-art technology, our passionate team of dietitians, food technologists and in-house panel of award-winning SATS Culinary Consultants work together to develop new and authentic recipes, curating fresh, tasty and nutritious menus that meet the unique requirements of our customers.

From large-scale catering to tailored in-patient menus and youth engagement efforts, we are proud to use our expertise, technology and culinary creativity to support the work of healthcare providers, educational institutions and government agencies.

OUR SERVICES

Healthcare

SATS plays a vital role in supporting the patient care journey by providing customised end-to-end food service solutions, delivering tasty and nutritious meals to hospitals as well as intermediate and long-term care facilities.

Tapping on decades of experience and the use of innovative food technology, our team of trained dietitians, chefs and catering professionals work with healthcare institutions to develop tailor-made in-patient menus, therapeutic and textured meals and pantry supplies in compliance with stringent hospital guidelines and food safety regulations.




Our range of integrated solutions also include food concierge services and staff lounge management.





Food-service Solutions and Distribution

As Asia’s leading food solutions provider, we are passionate about providing quality, sustainable and healthy food to our customers around the region.


Our food-service solutions comprise an extensive list of products from around the world including nourishing soups and sauces, stringently sourced meat and seafood, frozen food, as well as delicious ready-to-eat and ambient meals. 


To meet the growing demand for healthier and more sustainable food solutions, we are constantly enhancing our offerings with the introduction of new and innovative options such as plant-based proteins and sustainable food packaging. 


An expanded sourcing and distribution network through our wholly-owned subsidiary, Country Foods Pte. Ltd (Country Foods) – one of Singapore’s largest food importers, distributors and manufacturers, provides valuable access to markets across the region.


With a Digital Integrated Supply Chain, which provides turnkey solutions with end-to-end logistics, warehousing, sourcing and procurement capabilities, we serve as the ideal one-stop, go-to-market platform for food-service solutions in Asia.


OUR SERVICES


Meat and Seafood


As one of our wholly-owned subsidiaries, Country Foods is the biggest meat importer, distributor and processor in Singapore with more than 1,000 clients and 800 white-label and branded products, including Farmpride and Amir’s. 


In addition to our extensive range of quality meat including Halal-certified frozen poultry, seafood and delicatessen offerings, we also provide a selection of alternative plant-based proteins through brands such as Impossible Foods. 


The use of innovative new ingredients together with our culinary expertise and capabilities enables us to develop new culinary concepts, grow our range of sustainable, premium food products while serving as a springboard for sustainable food businesses across the region.


GATEWAY SERVICES

We specialise in providing our customers with peace of mind.


As the region’s leading gateway services provider, SATS takes pride in our ability to handle the seamless flow of passengers, flights and cargo, at one of the busiest airports in the world. 

Applying decades of experience and state-of-the-art technology against the most rigorous performance, safety and service standards, we offer a comprehensive suite of ground handling services that enable people, aircraft and goods to travel securely between Singapore and the rest of the world.

Passenger Services

For more than 60 years, SATS has been serving passengers at Singapore Changi Airport, creating positive and unique encounters that have become a signature part of their travel experiences here. 


With the needs of every passenger in mind, we offer a suite of quality passenger services that range from seamless check-in facilities, special care services for those who need a little extra assistance, as well as premier check-in counters and lounges.


Apron Services

Since the beginning of commercial aviation in Singapore, SATS has played an active role in our overall growth as an international aviation hub in the region. 


At Changi Airport, our apron services team continues to serve with pride, upholding the highest professional and safety standards. Handling a wide and complex array of aviation activities, we help to ensure smooth and safe operations across the airport.


Staffed by a well-rounded team of young talents and experienced professionals, we tap on our strong technological and human capabilities to provide a broad range of customised services available 24 hours a day, seven days a week. 

Air Cargo

Seamless Connections


Every day at Changi Airport, one of the world’s busiest and best cargo hubs, SATS is there.


Seamlessly connecting millions of tonnes of cargo from Singapore to the world.


Our experienced and highly trained teams use cutting-edge technology and leading automation systems, powered by six airfreight terminals including an Express Courier Centre.


We ensure continuous commitment to quality and security through Initial, Recurrent and Awareness training on the processing of dangerous goods and our C2K certifications

and Cargo 2000 programmes.



Low-cost Carrier Handling

As the leading gateway services provider for low cost carrier flights from Singapore’s Changi Airport and around the region, SATS has developed a business model that complements their no-frills approach while fulfilling their need for innovative solutions and quality services.


With decades of industry experience and an award-winning team of technical specialists, we uphold the most rigorous performance and safety standards to ensure that flight operations are smooth, efficient and safe.


At Singapore’s Changi Airport, our subsidiaries Asia Pacific Star and GTR provide a comprehensive range of ground handling services including guest handling, baggage services, aircraft handling, security services and cargo handling services. GTR also provides ground handling services for full service carriers and operates an an air cargo hub at the Kuala Lumpur International Airport Air Cargo Terminal 1 in Sepang.

Private Jet Services

Designed to meet the unique needs of private jet passengers for discretion, privacy and speed, the Seletar Business Aviation Centre (SBAC) offers premium bespoke services for a truly exceptional and seamless travel experience.



Cruise Terminal Services

SATS-Creuers Cruise Services operates Marina Bay Cruise Centre Singapore, one of the largest cruise terminals in Asia specially designed to accommodate large ships and thousands of passengers at a time.


For arriving cruise passengers scheduled for same-day flights from Singapore, our Cruise-Fly services offer the benefits of early check-in including baggage drop-off and collection of boarding passes.


 With a growing suite of innovative, quality services  , our goal is to provide you with a comfortable and seamless travel experience across your journey.  

Security Services

Serving with pride and professionalism, SATS Security Services' mission is to be your security agency of choice.

As one of the longest-serving auxiliary police force (APF) in Singapore, we provide a comprehensive range of professional security services and solutions for customers across many industries. 

We build our solutions from a wide field of security capabilities, such as the provision of manpower for enforcement, event security and traffic management; future-ready ops-tech which includes intelligence analytics and surveillance, smart facilities management, Internet of Things (IoT) monitoring.

Our years of experience in aviation security, coupled with advanced technological solutions, allow us to deliver effective protection to our clients’ people, assets, and infrastructure. Our long-standing services are distinguished by our high standards in manpower and technological innovation.

We are accredited by the Airport Police Division, our Regulated Air Cargo Agent Regime consultants provide the documentation of the Regulated Air Cargo Agents Security Programme.



Travel Retail

At SATS, we take a holistic approach to travel retail.

We deliver a tailored, comprehensive suite of services to clients, helping them connect meaningfully with their passengers from door to destination.

Our research-driven solutions are designed to maximise ancillary revenue, increase passenger spend and help reduce costs. 
A trusted leader in the Asia-Pacific airspace for over 40 years, we know the importance of passenger engagement. Our world-class operational capabilities, including sales and inventory reconciliation, food and beverage expertise, crew training and engagement, innovative digital and sustainable solutions, last mile provisioning and more, guarantee a robust onboard retail experience.

Linen and Laundry

SATS takes pride in delivering quality, customised linen and laundry services to our customers in the aviation, healthcare and hospitality sectors, so that their customers can enjoy the care and comfort they deserve.


From wet washing to dry cleaning, we provide an extensive suite of professional services including special care requirements for aircraft and hotel bedding, food and beverage linen, company uniforms and personal garments.

Singapore, Paris, 3 April 2023 – SATS Ltd. (“SATS”) today announced it has completed its acquisition of global air cargo logistics provider Worldwide Flight Services (“WFS”) for €1.3 billion (equivalent to approximately S$1.8 billion) from an affiliate of Cerberus Capital Management (“Cerberus”), representing an enterprise value of €2,250 million as previously announced. The acquisition received an overwhelming support of 96.8% approval from SATS’ voting shareholders in January this year and obtained regulatory approvals in all relevant jurisdictions in February. With effect from completion, WFS becomes a fully owned subsidiary of SATS, which is headquartered in Singapore. WFS will continue to be headquartered in Paris and operate as Worldwide Flight Services. Craig Smyth, CEO of WFS, will continue to run the company and report to Kerry Mok, President & Chief Executive Officer of SATS, and an advisory board.



A Partnership with WFS

Developing a partnership with WFS gives you the benefits of our world class international standards in all aspects of cargo and ground handling. You will gain the support of our global team of business and handling professionals and leverage our trusted relationships with airlines, airports and other highly valued customers all over the world.

We believe in partnerships that are open and fair, where both parties bring complementary skills and value. We also recognise the importance of maintaining and developing a strong identity for each partnership, which usually involves the creation of a sub-brand supported by all parties.



WFS has developed strong partnerships with its key customers through its extensive network and focusing on network-wide solutions. We aim to foster and develop the relationship with key customers by providing a consistent and service-oriented service at all our locations.




Chart wise, bullish mode!

A higher low candlesticks price patterns has been formed looks rather bullish!

Short term wise, I think likely to rise up to test 2.70 then 2.80.

NAV is about 2.106.

Not a call to buy or sell!

Please dyodd.


Thursday, November 23, 2023

CapitaLand Ascendas REIT - Wah, she is rising up nicely, likely to test 2.86 than 2.92!

 Chart wise,  bullish mode!



She has nicely crossed over the resistance and stay above looks rather bullish! 

Testing 2.86 than 2.92 with extension to 3.01!

Pls dyodd.

This Giant industrial cum Data Centres reit has rebounded quite well from below 2.70 to close well at 2.80 , looks like Bull is in control!



This bullish momentum may likely drive the price higher to test 2.86 than 3.01.

Please dyodd.

  Chart wise,  bearish mode!



If 2.70 cannot hold,  we may see her going down to test 2.65 than 2.60.

Pls dyodd.



 After Ex.dividend a few days ago, the share price has corrected lower to close at 2.71, looks rather weak!



She will need to overcome the resistance at 2.75.

A nice breakout of 2.75 plus good volume i think she may continue to rise up further! 

Let 's monitor and see how it turns out! 

  1st Half 2023 results is out! 

NPI is up 6.7% to 508.8m. Distribution income is down 1% to 327.5m.



Dpu is down 2% to 7.719 cents. 

Advance dpu of 6.139 cents  was paid out for the PP share.



Balance 1.58 cents will be paying out thus round.

I think the results is not bad! 

Gearing 36.7%.

Occupancy rate is 94.4%.


High probability she may rise up to reclaim 2.83.


A nice breakout at 2.83 smoothly would likely see her rising up to 2.89 than 2.93.

Please dyodd.


TA wise, bullish mode!

She has managed to bounce-off from the low of 2.65 and rises up to close at 2.82 looks like BULL is in control!




Short term wise,  I think likely to rise up to reclaim 2.83 and then rise up to cover the Gap at about 2.88 with extension to 2.93-2.98.

Please dyodd.


CapitaLand Ascendas REIT (CLAR), formerly known as Ascendas Real Estate Investment Trust, is Singapore’s first and largest listed Business Space and Industrial Real Estate Investment Trust (REIT). It was listed on the Singapore Exchange Securities Trading Limited (SGX-ST) in November 2002.



CLAR has since grown to be a global REIT anchored in Singapore, with a strong focus on tech and logistics properties in developed markets. As at 31 December 2022, it owns 228 properties across three key segment, namely, 1) Business Space and Life Science, 2) Logistics and 3) Industrial and Data Centres. 

CLAR's multi-asset portfolio is anchored by well-located quality properties across developed markets. As at 31 December 2022, 95 properties are located in Singapore, 36 properties in Australia, 48 properties in the United States and 49 properties in the United Kingdom/Europe.

These properties host a customer base of more than 1,600 international and local companies from a wide range of industries and activities, including data centres, information technology, engineering, logistics & supply chain management, biomedical sciences, financial services (back room office support), electronics, government and other manufacturing and services industries.



CapitaLand Ascendas REIT is listed on several indices. These include the FTSE Straits Times Index, the Morgan Stanley Capital International, Inc (MSCI) Index, the European Public Real Estate Association/National Association of Real Estate Investment Trusts (EPRA/NAREIT) Global Real Estate Index and Global Property Research (GPR) Asia 250. CapitaLand Ascendas REIT has an issuer rating of “A3” by Moody’s Investor Services.

CapitaLand Ascendas REIT is managed by CapitaLand Ascendas REIT Management Limited, a wholly owned subsidiary of Singapore-listed CapitaLand Investment Limited, a leading global real estate investment manager with a strong Asian foothold.

CapitaLand Ascendas REIT is listed on several indices. These include the FTSE Straits Times Index, the Morgan Stanley Capital International, Inc (MSCI) Index, the European Public Real Estate Association/National Association of Real Estate Investment Trusts (EPRA/NAREIT) Global Real Estate Index and Global Property Research (GPR) Asia 250. CapitaLand Ascendas REIT has an issuer rating of ‘A3’ by Moody’s Investors Services. 



1) Properties located in Singapore are held directly by CapitaLand Ascendas REIT (except Galaxis which is held under a wholly owned subsidiary of CapitaLand Ascendas REIT).

Properties located in Australia are held through wholly owned subsidiaries of CapitaLand Ascendas REIT, and are managed by Ascendas Funds Management (Australia) Pty Ltd together with CapitaLand Australia Pty Ltd and third-party managing agents.

Properties located in the UK/Europe are held through wholly owned subsidiaries of CapitaLand Ascendas REIT and are managed by CapitaLand International Management (UK) Ltd together with third-party managing agents.

Properties located in the USA are held through wholly owned subsidiaries of CapitaLand Ascendas REIT and are managed by CapitaLand International (USA) LLC together with third-party managing agents.

Chart wise,she has been driven to an oversold territory! 



At 2.67, yield is about 5.9% . Estimating yearly dividend of 15.7 cents.

I think is quite a gd dividend yield to be included on my stocks portfolio. 

NAV is 2.37. Gearing below 40%.

Nibbled a bit at 2.65.



Not a call to buy or sell!

Please dyodd.

FY 2023 results: 




 

Wednesday, November 22, 2023

ThaiBev - FY results is out! Gross Revenue is up 2.5% but Net Profit is down 10.9% to 30727m , Final dividend of 0.45 Bath same as last year!


ThaiBev  - FY results is out! Gross Revenue is up 2.5% but Net Profit is down 10.9% to  30727m , Final dividend of 0.45 Bath same as last year!





Results is so so!

At least they have maintained the Final dividend of 0.45 Bath, Swee!

Not a call to buy or sell!

Pls dyodd.

   

Chart wise, bearish mode!

She will need to over the resistance at 56 cents . 



A nice breakout smoothly plus good volume that may likely drive the price towards 60 than 61.5 cents.

Yearly Dividend is about 2.3 cents! Yield is about 4.22% at 54.5 cents.

Not a call to buy or sell!

Pls dyodd. 



Wee Joo Yeow, an independent director of Thai Beverage Public Company, has snapped up 100,000 shares on June 7 at 55 cents each. 

ThaiBev ID Wee gulps 100,000 shares as price dips to pandemic-low.

Quote: https://www.theedgesingapore.com/capital/insider-moves/thaibev-id-wee-gulps-100000-shares-price-dips-pandemic-low




Thai Beverage Public Company Limited (“ThaiBev”, and together with its subsidiaries, the “Group”) is a leading beverage company in Southeast Asia and the largest in Thailand. The Group's vision is to be a world-class total beverage company embodying commercial excellence, continuous product development and premiumization, as well as professionalism. ThaiBev's business consists of four segments – spirits, beer, non-alcoholic beverages, and food.

The Group was listed on the mainboard of the Singapore Exchange in 2006. In 2012, ThaiBev expanded its business overseas through the acquisition of Fraser and Neave, Limited (“F&N”), a highly-recognized company in Singapore with a portfolio that boasts many renowned brands. With the acquisition of F&N, the Group further cemented its position as the leading beverage producer and distributor in the region. In 2017, ThaiBev further broadened its presence in the region with the acquisition of a 75% stake in the


Grand Royal Group (“GRG”), the largest player in Myanmar's whisky market, as well as an acquisition of a 53.59% stake in Saigon Beer-Alcohol-Beverage Corporation (“SABECO”), a leading beer producer in Vietnam, which made the Group the largest beer player by volume in Southeast Asia.



Businesses and Products

As of 30 September 2020, ThaiBev has 218 subsidiaries and associates, including 19 distilleries, three breweries, and 21 non-alcoholic beverage production facilities. The Group also has an extensive distribution network covering 400,000 points of sale in Thailand. In addition, ThaiBev has an international presence in over 90 countries. The Group has five production facilities in Scotland which are known for producing single malt scotch whiskies such as Balblair, Old Pulteney, as well as Speyburn; has interests in two production facilities in Myanmar which produce the top-selling whisky in the country; and owns one distillery in China which produces the famous Yulinquan Chinese spirit.

ThaiBev's most recognized spirits brands include Ruang Khao, SangSom, Mekhong, Hong Thong, and Blend 285, as well as GRG's iconic Grand Royal whisky; and the Group's signature beer, Chang, is very popular among Thai beer drinkers, while SABECO's Bia Saigon and 333 are the top-selling beer brands in Vietnam. In the non-alcoholic beverage space, ThaiBev's leading brands include Oishi green tea, est cola, and Crystal drinking water, as well as F&N's sparkling drinks and 100PLUS isotonic drink. In addition, the Group operates Japanese restaurants, as well as ready-to-cook and ready-to-eat food businesses through its subsidiary Oishi Group Public Company Limited. ThaiBev has also started branching out from these well-established Japanese restaurants and food products, and is accelerating the expansion of its food business by leveraging its subsidiary Food of Asia and its franchise outlets under KFC, the most popular quick service restaurant brand in Thailand.



The beer industry is the main business that helps make the Thai Beverage Plc. empire into a progressive and strong conglomerate as it currently is through its perennially highest selling product until today – Beer Chang, the international Gold Medallion winner – born from the hearts and pride in being Thai.

Beer Chang is produced from three breweries with international standard. One in Kamphaeng Phet belongs to the Beer Thai (1991) Public Company Limited, another in Bang Baan district, Ayutthaya belongs to Beer Thip Brewery (1991) Co., Ltd. and the other in Wang Noi, Ayutthaya belongs to the Cosmos Brewery (Thailand) Co., Ltd.

 Beer Thai (1991) Public Company Limited



Beer Chang was conceived with the visionary outlook of the top executives to expand the beer market with a Thai taste albeit with international quality, to give the consumers an alternative with the fervent belief in the brewing and production capability of the Thais. The first bottle of Beer Chang rolled off the production line on April 4, 1994, from the brewery in Bang Baan district, Ayutthaya. It was officially marketed on March 2, 1995.

The popularity of Beer Chang quickly and continuously increased. This led to a major expansion in production capacity to respond to consumer demands. A new brewery was constructed in Kamphaeng Phet under the management of the Beer Thai (1991) Public Company Limited. It later became a public company in 2001, with a registered capital of 5,500 million baht.

The Kamphaeng Phet brewery began construction in November 1999 at the cost of 9,000 million baht. It started beer production on October 12, 2001 and the first bottle of Beer Chang rolled off the brewery on November 23, 2001.



It has a land area of 1,600 rai, utilizing the latest production technology in the world. Every step in the production process is highly efficient with all the standards implemented throughout the process with emphasis on energy conservation, pollution control and environmental awareness. The Company received ISO 9002: 1994 certification on September 26, 2000 and ISO 9001: 2000 certification on September 12, 2001. The environmental standard certification ISO 14001: 1996 was awarded to the company on November 7, 2001.




Chart wise,  she is slowly gaining momentum!

 A nice breakout of 0.59 smoothly plus good volume I think She may rise up to test 0.61 then 0.63 with extension to 0.67-0.70.

Yearly dividend of about 2.3 cents, yield is about 4%.

Please do your own due diligence! 

Note:

Quote:- KGI Securities has reiterated its "buy" call on Thai Beverage with a Target price of 0.65. https://www.theedgesingapore.com/capital/brokers-calls/kgi-reiterates-buy-call-thai-beverage-citing-favourable-post-election