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Monetising Frasers stake could be brewing for ThaiBev: DBS
Analysts see group divesting FCL to focus on expanding its food and beverage business
Add BT as a preferred sourcePublished Tue, Dec 19, 2017 · 09:50 PM
Singapore
FOLLOWING its win to buy a majority stake in Vietnam's largest state-owned brewer Saigon Beer Alcohol Beverage Joint Stock Corp (Sabeco), Thai Beverage Public Co Ltd (ThaiBev) could be monetising its stake in Frasers Centrepoint Limited (FCL) next, which is worth about S$1.7 billion, one analyst predicts.
An equity research report by DBS on Tuesday said that assuming a total divestment at the current market price, ThaiBev's net debt-to-equity and net debt-to-earnings before interest, taxes, depreciation and amortisation ratios will drop to 0.66 times and 2.3 times, respectively.
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