Thai Beverage | Hold (Downgrade) Dec 20 close: S$0.94 Target price: S$1 CIMB Research, Dec 19

Vietnam Beverage wins bid for 53.6 per cent of Vietnam's largest brewer Saigon Beer Alcohol Beverage Corp (Sabeco); ThaiBev now has a 26.3 per cent effective stake in Sabeco.

The aggregate acquisition price for the 53.6 per cent stake is 109.7 trillion Vietnamese dong (S$6.5 billion), based on 320,000 Vietnamese dong/share.