$

SAB

Saigon Beer Alcohol Beverage Corp
SAB.HM
Last Price
261,200.00
07:46 GMT / 24 MAY 2019
Value Change [%]
100.00
[(0.04%)]
Volume
37,100
Open
260,100.00
Day's High
263,900.00
Year's High
267,500.00
Previous Close
261,100.00
Day's Low
260,100.00
Year's Low
190,902.00
Earnings Per Share
6357.03
P/E Ratio
41.07
Lot Size
10
Div. Yield (%)
1.27
Dividend
3325.00
Div. Pay Date
12 DEC 2018
Ex-Div. Date
26 NOV 2018
Last Trade
261200.00
Last Trade Time (GMT)
07:46
Last Trade 2
261200.00
Last Trade 3
261200.00
Volume
37,100
Turnover
9,746
Bid
261200.00
Bid Size
100
Ask
262000.00
Ask Size
500
Close Bid
261200.00
Close Ask
262000.00
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Saigon Beer - Alcohol - Beverage Corporation (Sabeco) is a Vietnam-based company primarily engaged in alcohol and beverages sector. The Company's leading business activities include the brewing of beer and ale; the wholesale of malt and other raw materials to breweries; the manufacture of soft drinks and other beverages, and the distilling of alcohol and wine. Sabeco, via its subsidiaries, is also involved in the wholesale and distribution of beer, wine and beverages; the manufacture, installation and maintenance of food product machinery, and the manufacture of metal cans, packaging and containers.

  • Market News
BREAKINGVIEWS-Budweiser’s Hong Kong IPO may pop open more M&A
10 May 2019
source: reuters.com
 (The author is a Reuters Breakingviews columnist. The opinions
expressed are his own.)
    By Jeffrey Goldfarb
    HONG KONG, May 10 (Reuters Breakingviews) - Carlos Brito is
getting thirsty for more M&A. Anheuser-Busch InBev  ABI.BR , the
$135 billion beer behemoth he leads, just unveiled plans for an
initial public offering of its Asian business. It’ll provide
some cash to pay down debt and fetch a higher valuation multiple
than the parent company. The shares also will give the deal
junkie boss a currency to use to start shopping again.
    The chief executive’s acquisitive ways are renowned. AB
InBev came to brew Budweiser, Corona, Stella Artois and other
quaffs by way of mega-deals in Brazil, Belgium, England and the
United States. That makes the decision to break off a big piece
of the company especially curious.
    AB InBev is, however, larded with net debt of more than four
times EBITDA. Proceeds from the Asia IPO should help pay some of
that down. The business in China, Australia and elsewhere in the
region also is apt to be worth more listed separately in Hong
Kong. The AB InBev enterprise trades at just under 11 times
expected EBITDA, but apply the nearly 19 times commanded by
China Resources Beer  0291.HK , and Budweiser Brewing Co APAC
could be worth close to $60 billion.
    Such financial engineering alone probably isn’t worth the
effort, though, and Chief Financial Officer Felipe Dutra said as
much back in February when asked about the possibility of
floating the Asia business. Instead, he suggested, any listing
would be about having a springboard for future consolidation and
establishing a local champion.
    The area is not awash with easy targets: there are dominant
operators, and much of young, booming Asia doesn’t drink. There
are some potential partners, including $15 billion Thai Beverage
 TBEV.SI , which beat out AB InBev in 2017 for a majority stake
in Vietnam’s Saigon Beer Alcohol Beverage  SAB.HM , or Sabeco.
San Miguel Breweries, in the Philippines is another. None
obviously need cash, but all three, including tycoon Charoen
Sirivadhanabhakdi’s Thai Bev, might be keen to contribute their
operations to be part of a regional titan, Bernstein analysts
note. 
    Any arrangement in Southeast Asia will be messy, though,
given the convoluted ownership structures. Japan’s Kirin, for
example, owns a big slug of San Miguel. That won’t deter a
serial buyer like Brito. The Asian IPO cracks open the
possibility of another big deal.  
    On Twitter https://twitter.com/jgfarb
    
    CONTEXT NEWS
    - Anheuser-Busch InBev, the brewer of Budweiser and Stella
Artois, on May 10 filed a draft prospectus for an initial public
offering in Hong Kong of its Asia business. The Budweiser
Brewing Co APAC share sale could raise at least $5 billion,
Reuters reported, citing unnamed sources.
    - The company’s Asia-Pacific business, whose main markets
are China and Australia, generated about $8.5 billion of revenue
and $2.8 billion of EBITDA last year.  
    - For previous columns by the author, Reuters customers can
click on  GOLDFARB/  
    - SIGN UP FOR BREAKINGVIEWS EMAIL ALERTS: http://bit.ly/BVsubscribe

    <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Prospectus    http://www.hkexnews.hk/APP/SEHK/2019/2019051001/Documents/SEHK201905100005.pdf
AB InBev’s Asia business files for Hong Kong IPO of at least $5
bln – sources     urn:newsml:reuters.com:*:nL3N22M1AJ
BREAKINGVIEWS - AB InBev’s debt belly needs more than fizzy
growth     urn:newsml:reuters.com:*:nL5N22J2KL
BREAKINGVIEWS - AB InBev’s Asia sale needs breathalyser test   
 urn:newsml:reuters.com:*:nL3N1ZE0NH
    ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
 (Editing by Clara Ferreira Marques and Sharon Lam)
 ((jeffrey.goldfarb@thomsonreuters.com; Reuters Messaging:
jeffrey.goldfarb.thomsonreuters.com@reuters.net))
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