Thai Beverage Public Company

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14 May 2020 ThaiBev 1H2020 Result
(click to read sgx announcement)
https://links.sgx.com/FileOpen/1HFY2020_...eID=610908

Rev THB61b down 12% yoy
GP THB18b down 9%
NP THB5b down 17%

Change to half yearly reporting
https://links.sgx.com/FileOpen/THBEV_Cha...eID=610915

Dividend THB 0.1
https://links.sgx.com/1.0.0/corporate-an...1c60e1af96
Investors who hold shares through the CDP will only be entitled to receive Dividend through CDP if their names appear in CDP register as at 17.00 hrs. (Singapore Time) on 28 May 2020.

Stay home and stay safe, everyone.

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23 May 2020 ThaiBev briefing on Friday,19 Jun 2020, 11:00hrs
Pre-registration and Q&A to be raise before 16 Jun 2020 11:00hrs
(click to register)

Stay home and stay safe, everyone.

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29 May 2020 Not selling Vietnam, Saigon Bear - ALcohol - Beverage Corporation ("Sabeco")
(click to read news)

Stay home and stay safe, valuebuddies.
Joel Greenblatt' market secret:

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20 June 2020 ThaiBev eAGM ppt and Q&A
https://links.sgx.com/1.0.0/corporate-an...15464f30d8
1. Please explain how the COVID-19 pandemic has affected / will affect THBEV’s
business and what measures are being taken to mitigate the negative impact. Also,
given the lower level of business activities and travel due to COVID-19, how has
the alcoholic beverage segment been affected?
Company’s response:
• Spirits
– Our business in both Thailand and Myanmar started experiencing slower sales
from the middle of March due to the impact of COVID-19. To mitigate the
impact on our business, we have taken steps to reduce costs and have cancelled
all major activities that we had initially scheduled for March and April, as well
as subsequent months. Brand communication has, however, been maintained to
keep our core brands at the top of consumers’ minds.
– In Thailand, many business activities, including the sale of alcoholic beverages,
were halted starting in the 2nd week of April following the government’s
declaration of a state of emergency due to the COVID-19 outbreak. Most
lockdown restrictions have, however, been eased since 3 May.
– In Myanmar, factories were closed from April till the last week of May amid a
lockdown. Our factories have since resumed production, albeit at a lower level,
due to the implementation of measures to prevent the spread of COVID-19.
• Beer
– The Thai government imposed a ban on the sale of alcoholic beverages from
the second week of April as part of its strategy to battle the COVID-19 outbreak.
– The sale of alcoholic beverages through off-trade channels in most regions was,
however, allowed to resume in May, and sales through such channels across the
whole country resumed in June. Consumers have also been allowed to drink
alcoholic beverages at food shops and restaurants since 15 June.
– We have since focused on ensuring that our business returns to normal,
operating with the necessary safety precautions in place. As a result, sales
recovered in May and we achieved year-on-year sales growth in May.
– During the lockdown, we were precluded from activating planned activities and
events under our brand communications strategy for the year. Physical events,
in particular, had to be cancelled. Our ‘Friendship Moments’ campaign also had
to be retailored to suit the evolving situation.
– The pandemic’s unprecedented scale and reach has also impacted Vietnam. All
on-trade outlets were shut in March and people were prohibited from going out.
Pubs, bars, and beer clubs in many provinces were shut. Traveling restrictions
have also led to a reduction in the number of tourists in the country. COVID-19
has also resulted in fundamental changes in consumer behavior as consumers 
have had to adapt to the closure of F&B establishments. The growth of
off-premise consumption and sales through modern trade channels has been
accelerated and will become even more important for us in the coming years
amid the rapid development and urbanization of the markets in which we
operate. We see these changes not as challenges or threats, but as potential
opportunities on which we can capitalize for further growth. We have also
introduced a number of cost-cutting initiatives, such as reducing utilities usage,
renegotiating leases with landlords, and deferring non-essential activities. We
also deferred some capital investments.
• Non-Alcoholic Beverages
– Towards the end of Q2, the COVID-19 situation impacted our non-alcoholic
beverage sales volumes in food shops and restaurants as dine-in was not
allowed. However, our sales through supermarkets increased as consumers
began stocking up in preparation for a possible lockdown.
– As a result of subsequent restrictions, our customer traffic in food shops and
restaurants declined, and such establishments have been operating well below
capacity. Our sales volumes through such channels have thus dropped in
tandem.
– We have, however, identified three new ways to generate sales to mitigate the
reduction of sales through the aforementioned channels:
o Developing new channels to reach consumers
o Leveraging digital and online tools to expand our reach
o Promoting healthier products to cater to consumers who are concerned about
their health and wellness during this period.
• Food
– COVID-19 has significantly impacted our restaurants across Thailand.
– Travel restrictions and the closure of the country’s airports have led to a drastic
decline in the number of tourists, who typically form the majority of the
customer base of our restaurants in some prime locations.
– On a broader level, restaurants that offered only dine-in options were not
allowed to operate while other still operational restaurants had to be closed by
8.00 p.m. to ensure that restaurant staff arrive home before the curfew came into
effect.
– To ensure business continuity and minimize the impact of COVID-19 on our
food business, we implemented two strategies in April and May:
o We enhanced our dine-in businesses to provide home delivery and takeaway
options. This involved making significant changes within a short amount of
time, but we were able to do so effectively and efficiently.
o We reduced non-essential expenses and implemented cost-saving projects.
– Other measures we have taken to mitigate the impact of COVID-19 on our food
business include negotiating lower rents, optimizing our supply chain and 
deployment of employees, as well as tightening general and administrative
expenses, etc.
– As we adapted to new consumer behaviors, we identified four trends that will
shape the food industry going forward:
o Consumers are placing a greater emphasis on health and wellness, as well
as safety and hygiene. As consumer expectations increase and new
standards arise, we will ensure that that we remain at the forefront of
satisfying consumers’ needs and preferences.
o COVID-19 has given rise to the “homebody economy”, with consumers
increasingly used to shifting daily activities, such as eating, drinking,
working, and shopping to become more home-based. This new normal is a
channel that we can tap on.
o The pandemic has led to an acceleration in the use of digital and online tools
by consumers of all ages. Technology has proven to be a convenient and
efficient enabler, and we will continue to leverage cutting-edge tools to
further grow our business.
o Consumers are increasingly expressing a preference for value for money
products amid economic challenges. With a wide range of offerings across
multiple price points, we are well-placed to cater to such demand.

Stay home and stay safe, valuebuddies.

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9M Result as at 30 Jun 2020
Rev THB190m (-7.4%)

https://links.sgx.com/FileOpen/Business_...eID=627957

Stay home and stay healthy, everyone.

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ThaiBev FY2020 as at 30 Sep 2020
Rev THB253b (vs 267b)
GP  THB 74b (vs  77b)
NP  THB 26b (vs  26b)
Div THB0.36 (vs 0.33)

beverages such as spirits, which are mostly consumed via off-trade channels were not significantly impacted. Moreover, following the easing of the COVID-19 prevention measures, the domestic beverage industry has begun to recover, leading to an improvement in sales, which began to grow again in the last quarter of this fiscal year.
https://links.sgx.com/FileOpen/YearEnd_2...eID=640478

Stay home and stay safe, everyone.

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ThaiBev has received a no-objection letter from Singapore Exchange Securities Trading Limited (the "SGX-ST") in relation to the Proposed Spin-off Listing.
https://links.sgx.com/FileOpen/THBEV_Pot...eID=647386

Stay home and stay healthy, everyone.

[weijian]

Would have been a very interesting company to look at.

Deferment of Potential Spin-Off and Listing of BeerCo Limited, a subsidiary of ThaiBev

In view of the current uncertain market conditions and volatile outlook, aggravated by the worsening COVID-19 pandemic in Thailand and other countries, which are not conducive for the Proposed Spin-off Listing, ThaiBev wishes to announce its decision to defer the Proposed Spin-off Listing for the time being, after having consulted with itsfinancial advisors.

https://links.sgx.com/FileOpen/TB_Announ...eID=661388

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ThaiBev 1HFY2021 result as at 31Mar2021
Rev THB60b (vs 62b)
GP  THB7b  (vs 7b)
NP  THB6b  (vs 5b)
Div THB0.15 (vs 0.1)

BeerCo - defer the proposed spin-off
debentures - TBH8b to subscribe Frasers Property Limited Right issue
F&N dividend - SGD0.015

https://links.sgx.com/FileOpen/1HFY2021_...eID=666427

Gratitude.

[alanyeoinvest]

https://alanyeoinvest.com/2021/06/13/an-...y-thaibev/

Hope readers will find it useful. My own analysis