Category: ThaiBev

Sell @ $0.525

Contra off all, no more left. Within a couple of minutes, someone cleared aro' 2000 lots in Sell Q, including mine which was right at the back.. Closed @ $0.53 during matching. Buyer CP = CIMB, perhaps local traders doing a co-ordinated push.. 😀

Buy @ $0.525, $0.52 & $0.515

A new addition to my current protfolio. Treat it as a cheaper proxy to F&N and FCL… 😀

Sell @ $0.54

With STI -48, I got cold feet and decided to contra off…. Another reason is to switch the cash to other stocks which'd dropped…

Another thought which crossed my mind is to perhaps do some short term trading as I only need 0.5ct (1 bid) to make some kopi-$$. If I were to get stuck, then I'd keep it for longer term… 😀

Buy @ $0.535

Impromptu decision to try to Jump-Q during pre-open…

Have been thinking and thinking since it was 40ct, even before their takeover of F&N. The main thing holding me back is their high gearing… and that's even before the F&N saga… Another thing is their earnings are mainly coming from Spirits, which is mainly being sold to low income workers…. Their Beer biz has been running at a loss. They're No.2 in Thailand (after Singha) and has little presence overseas.

One potential positive is in the Beer biz, assuming they can tap on the experience of F&N, in terms of branding, marketing and distribution. In this respect, I have noticed a bigger presence in FairPrice (NTUC) & at the coffee shop, I noticed the Bottles had gone for a makeover – it looks more attractive and less like some cheap unknown beer. Lastly, F&N had been giving out $$ through dividends and Capital Reduction plus FCL as Dividend-in-Specie. That may be able to help lower their gearing…. a bit.