: THBEV Price
Our Business

Background

Thai Beverage Public Company Limited (“ThaiBev” or the “Group”) is a leading beverage company in Southeast Asia and the largest in Thailand. The Group’s vision is to be a world-class total beverage company embodying commercial excellence, continuous product development and premiumization, as well as professionalism. ThaiBev’s business consists of four segments – spirits, beer, non-alcoholic beverages, and food.

The Group was listed on the mainboard of the Singapore Exchange (“SGX”) in 2006. In 2012, ThaiBev expanded its business overseas through the acquisition of Fraser and Neave, Limited (“F&N”), a highly recognized company in Singapore with a portfolio that boasts of many renowned brands. With the acquisition of F&N, the Group further cemented its position as the leading beverage producer and distributor in the region. In 2017, ThaiBev further broadened its presence in the region with the acquisition of a 75% stake in the Grand Royal Group (“GRG”), the largest player in Myanmar’s whisky market, as well as an acquisition of a 53.59% stake in Saigon Beer-Alcohol-Beverage Joint Stock Corporation (“Sabeco”), a leading beer producer in Vietnam, which made the Group the largest beer player by volume in Southeast Asia.

ThaiBev has a market capitalization of around S$17 billion as of 30 September 2018 and is currently one of the largest Singapore-listed companies.

Businesses and Product

As of 30 September 2018, ThaiBev has 173 subsidiaries, including 18 distilleries, three breweries, and 11 non-alcoholic beverage production facilities in Thailand. The Group also has an extensive distribution network covering 400,000 points of sale in the country. In addition, ThaiBev has an international presence in over 90 countries. The Group has five production facilities in Scotland which are known for producing single malt scotch whiskies such as Balblair, Old Pulteney, as well as Speyburn; has interests in two production facilities in Myanmar which produce the top-selling whisky in the country; and owns one distillery in China which produces the famous Yulinquan Chinese spirits.

ThaiBev’s most recognized spirits brands include Ruang Khao, SangSom, Mekhong, Hong Thong, and Blend 285, as well as GRG’s iconic Grand Royal whisky; and the Group’s signature beer, Chang, is very popular among Thai beer drinkers, while Sabeco’s Bia Saigon and 333 are the top-selling beer brands in Vietnam. In the non-alcoholic beverage space, ThaiBev’s leading brands include Oishi green tea, est cola, and Crystal drinking water, as well as F&N’s sparking drinks and 100PLUS isotonic drink. In addition, the Group operates Japanese restaurants, as well as ready-to-cook and ready-to-eat food businesses through its subsidiary Oishi Group Public Company Limited. ThaiBev has also started branching out from these well-established Japanese restaurants and food products, and is accelerating the expansion of its food business by leveraging its subsidiary Food of Asia and its franchise outlets under KFC, the most popular quick service restaurant brand in Thailand.

Investment Highlights

  • One of the largest beverage players in Asia
  • Strong free cash flow - Baht 14,843 million (FY18)
  • Ranked among the top 10 largest companies on the SGX by market capitalization - S$17,076 million (as of 30 Sep 2018)
  • Dividend payout not less than 50% of net profit after deduction of all specified reserves *

  • * Subject to our investment plans and as the Board of Directors deems appropriate