SGX:Y92

Market Chatter: ThaiBev Weighs Potential Sale of KFC Thailand Franchise

Thai Beverage (SGX:Y92) is contemplating the sale of its KFC restaurant franchise business in Thailand, according to a Bloomberg report on Friday, citing people familiar with the matter.The company is working with Bank of America to attract interest, the report added, with deliberations ongoing with no guarantee of a deal.The Singapore-listed beverage producer's unit, QSR, operates more than 500 restaurants across Thailand, the report said.The company had acquired 240 KFC outlets in 2017 for around 11.4 billion baht, the report noted.Thai Beverage did not immediately respond to an' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

RHB Adjusts Thai Beverage Public Company's Price Target to SG$0.56 from SG$0.62, Keeps at Buy

Thai Beverage Public Company (SGX:Y92) has an average rating of overweight and mean price target of SG$0.52, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

Maybank Securities Upgrades Thai Beverage Public Company to Buy from Hold; Adjusts Price Target to SG$0.48 from SG$0.43

Maybank Securities Upgrades Thai Beverage Public Company to Buy from Hold, Adjusts Price Target to SG$0.48 from SG$0.43

Thai Beverage Public Company (SGX:Y92) has an average rating of overweight and mean price target of SG$0.53, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

Thai Beverage's Attributable Profit Up 9% in Fiscal Q2

Thai Beverage's (SGX:Y92) attributable profit to owners rose 9% during the fiscal second quarter ended March 31 to 7.37 billion baht from 6.74 billion baht a year earlier, according to a Thursday filing with the Singapore Exchange.Shares of the beverage producer were up over 1% in Friday trading.Earnings per share came in at 0.29 baht compared with 0.27 baht in the year-ago period.Revenue from sale of goods inched up 1% year over year to 86.5 billion baht from 85.4 billion baht.The board approved an interim dividend of 0.15 baht per share for the period, unchanged from a year earlier. The dividend will be paid on June 12.

Thai Beverage Withdraws Crediting Rating Service with Fitch Ratings

Thai Beverage (SGX:Y92) decided to withdraw its credit rating service with Fitch Ratings, according to a Tuesday filing with the Singapore Exchange.Shares of the beverage company were up over 1% in Wednesday trading.The ratings provider has withdrawn its long-term foreign-currency issuer default rating, national long-term rating and ratings on the company's senior unsecured Thai Baht debentures.Meanwhile, the company is slated to maintain its existing rating agreements with Moody's Investor Service and TRIS Rating.The company is currently rated Baa3 with a stable outlook by Moody's and AA with a stable outlook by TRIS.