ThaiBev’s BeerCo IPO: Third Time’s the Charm?
BeerCo is once again pre-marketing an SGX IPO to raise US$0.8-1.0 billion. In this note, we look at the latest set of results and highlight the key...
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Anheuser-Busch InBev: Something Is Amiss
AB InBev has one of the strongest fundamentals in the sector, but share price performance is still akin to a high-risk cyclical stock. Lingering...
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Tsingtao Brewery Placement - Fosun Is Back Again, Settling into a Pattern
Fosun International (656 HK) aims to raise around US$300m via selling 1.8% of Tsingtao Brewery Co Ltd H (168 HK). This is not the first selldown by...
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Asahi Group Placement - Quick Note - Needs to Correct Some More or Offer a Bigger Discount
Asahi Group Holdings (2502 JP) announced its plans to raise around US$1.6bn (JPY172bn) to fund the acquisition of CUB on 25th Aug. The acquisition...
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Asahi Group Placement - Finally, It's Time to Lift the Overhang! Trade Ideas from past Large Deals
Asahi Group Holdings (2502 JP) finally announced its plans to raise around US$1.6bn (JPY172bn) to fund the acquisition of CUB. The acquisition was...
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