$

SAB

Saigon Beer Alcohol Beverage Corp
SAB.HM
Last Price
286,000.00
07:46 GMT / 17 JUL 2019
Value Change [%]
1000.00
[(0.35%)]
Volume
43,080
Open
285,000.00
Day's High
287,000.00
Year's High
291,000.00
Previous Close
285,000.00
Day's Low
282,500.00
Year's Low
190,902.00
Earnings Per Share
6357.03
P/E Ratio
44.83
Lot Size
10
Div. Yield (%)
1.17
Dividend
3325.00
Div. Pay Date
12 DEC 2018
Ex-Div. Date
26 NOV 2018
Last Trade
286000.00
Last Trade Time (GMT)
07:46
Last Trade 2
286000.00
Last Trade 3
286000.00
Volume
43,080
Turnover
12,303
Bid
286000.00
Bid Size
7,920
Ask
286900.00
Ask Size
730
Close Bid
286000.00
Close Ask
286900.00
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Jun
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Global Fund Managers Show Keen Interest In Malaysia's Stock Market https://t.co/lwwL43HxAp
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May
Thai Bourse Promotes Financial Discipline Toward Sustainability And Stability https://t.co/v78jUhAeOJ
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Apr
SGX And REITAS Launch First Ever REITs Race https://t.co/2ElS4lImds
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Vietnam Climate Finance Capacity Building Project https://t.co/G6z4P39mk5
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Apr
Bursa Malaysia hosts Exchanges and CCP leaders for the 33rd WFE-IOMA Annual Derivatives & Clearing Conference https://t.co/Rev61DFzUq
14
Apr
ASEAN Exchanges Rollout FTSE4Good ASEAN 5 ESG Index https://t.co/AfO1UkAoAo
18
Mar
Thai Bourse’s Listed Firms Mark 2015 Dividend Payment Record High https://t.co/oVOUHDvqGY
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Mar
SGX Plans To List Contracts On MSCI China Free Index SM https://t.co/2zMMdymcSi
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NSE And SGX To Launch The World’s First Offshore Indian Sector Futures https://t.co/tO5FBON3AK
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Thai Bourse Market Report For February 2016 http://bit.ly/1TPMi0z
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Thai Bourse's Charity Mini Marathon "SET Bull Run" Successfully Attracts Over 3,300 Runners http://bit.ly/1WVQMk2
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Feb
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12
Feb
SGX reports market statistics for January 2016 http://bit.ly/1o4VvUP
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Feb
Thai bourse market report for January 2016 http://bit.ly/1SLb2qk
28
Jan
Successful launch of SGX SLInG LNG Derivatives https://t.co/1aorH3pFcB
27
Jan
Thai Bourse and SEC to launch 'Digital IPO', one-stop digital listing service https://t.co/I0HVZkz3co
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SGX reports 2Q performance with net profit of $84 million https://t.co/LLx0oeW3TD

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 serves up a pricey pint in Hong Kong
2 July 2019
source: reuters.com
 (The author is a Reuters Breakingviews columnist.  The opinions
expressed are his own.)
    By Alec Macfarlane
    HONG KONG, July 2 (Reuters Breakingviews) - Pulling a pint
is expensive in Hong Kong. Anheuser-Busch InBev  ABI.BR , the
world’s largest brewer, is valuing its Asia-Pacific unit at up
to $65 billion, or just over 20 times EBITDA, according to terms
for its initial public offering released on Tuesday. That puts
it up close to multiples of rivals in fast-growing emerging
markets like China. The numbers will seem less giddy if boss
Carlos Brito serves up an acquisition.
    AB InBev is coming to market with a definite swagger in
the world’s largest float this year. As well as setting a punchy
price range, it is shunning the large pre-IPO cornerstone
investors that typically help to set prices and cover the books
in the former British territory.
    Assuming adjusted EBITDA grows 12.6% in 2019, the same rate
as last year, at the top end Budweiser Brewing Co APAC will be
valued close to China Resources Beer  0291.HK , which trades at
22 times. That looks frothy given half the business is in
slower, more mature markets like Australia, Japan and South
Korea. The parent itself trades at just 12 times.
    The valuation may stack up, however. AB InBev’s Asian
business boasts impressive margins of 33% thanks to sales of
premium beers like Budweiser and Stella Artois to an
increasingly affluent middle class across the region. It’s the
number-one brewer in Australia and South Korea, according to
Euromonitor data. Even in China and India, where it is a top
three player, its core brands are considered premium and
arguably deserve a premium valuation. 
    A solid valuation for a business with minimal debt will hand
Brito a strong currency to grow. Potential targets include
Charoen Sirivadhanabhakdi’s Thai Beverage  TBEV.SI , which beat
AB InBev in 2017 to a majority stake in Vietnam’s Saigon Beer
Alcohol Beverage  SAB.HM , also known as Sabeco. The Philippine
San Miguel Breweries is another.
    Finding willing sellers in a region known for its convoluted
ownership structures may be a bigger challenge. Any such move,
though, would increase the part of its business that clearly
deserves a higher valuation. The final price of the IPO will
deliver a verdict on whether investors think AB InBev’s Asian
business is primed to buy. 
    On Twitter https://twitter.com/AlecMac11

    
    CONTEXT NEWS
    - Anheuser-Busch InBev, the world's largest brewer, on July
2 announced the price range for the Hong Kong initial public
offering of its Asia-Pacific business, giving the unit a market
capitalisation of up to $63.7 billion. 
    - Budweiser Brewing Company APAC is selling 1.6 billion
shares in the offering, which could rise to 1.9 billion if an
over-allotment option is exercised. 
    - The company has set an indicative price range of HK$40 to
HK$47 per share for the deal, which could raise between $8.3
billion and $9.8 billion, according to a term sheet.  
    - Budweiser Brewing Company APAC brews, imports, markets,
distributes and sells a portfolio of more than 50 beer brands,
including Budweiser, Stella Artois, Corona and China's Harbin.
Its main markets are in Australia and China. 
    - JPMorgan and Morgan Stanley are working as joint sponsors
of the offering. Bank of America Merrill Lynch and Deutsche Bank
are acting as its joint global coordinators. 
    - For previous columns by the author, Reuters customers can
click on  MAC/ 
    - SIGN UP FOR BREAKINGVIEWS EMAIL ALERTS: http://bit.ly/BVsubscribe
 

    <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
AB InBev Asia business launches up to $9.8 billion Hong Kong
IPO: term sheet     urn:newsml:reuters.com:*:nL4N243173
HKEX filing    https://www.hkexnews.hk/app/SEHK/2019/2019051001/Documents/SEHK201906140011.pdf
BREAKINGVIEWS - Budweiser’s Hong Kong IPO may pop open more M&A 
   urn:newsml:reuters.com:*:nL3N22M2B1
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 Una Galani and Katrina Hamlin)
 ((alec.macfarlane@thomsonreuters.com; Reuters Messaging:
alec.macfarlane.thomsonreuters.com@reuters.net))
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