Latest news with #ThaiBev
Business Times
13-05-2025
- Business
- Business Times
Stocks to watch: ThaiBev, Seatrium, SIA Engineering, StarHub, Sinarmas Land, Frasers Property, FHT, Cordlife
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (May 13). Thai Beverage : The Chang beer maker announced on Friday that its profit for the second quarter ended Mar 31, 2025, decreased 3.2 per cent on the year to 6.7 billion baht (S$263.5 million), from a restated profit of seven billion baht. The group's Q2 and H1 FY2024 financials have been restated for comparative purposes due to the consolidation of beverage maker Fraser & Neave in September 2024, said ThaiBev in a bourse filing. The profit decline is due to lower earnings in spirits and others segments. Revenue for the three months ticked down 0.6 per cent to 85.4 billion baht, from a restated top line of 85.8 billion baht in Q2 FY2024. This decrease is due to a fall in sales for beer, food, non-alcoholic beverages and other businesses, but partially offset by an increase in sales from spirits. Shares of ThaiBev were up 1 per cent or S$0.005 at S$0.515, before the announcement. Seatrium : The group announced on Tuesday that it won a floating storage regasification unit (FSRU) conversion contract from floating energy infrastructure provider Hoegh Evi, Norway. The contract covers the conversion and longevity of liquified natural gas carrier, Hoegh Gandria, to an FSRU which includes the installation of a regasification skid, as well as the integration of key supporting systems such as cargo handling, utility, offloading, electrical and automation systems. Shares of Seatrium closed 1 per cent or S$0.02 higher at S$2.03 on Friday. SIA Engineering (SIAEC): The mainboard-listed group reported an 87.3 per cent jump in net profit to S$70.8 million for the six months ended March 2025 from S$37.8 million in the same period the previous year. The group's revenue for the second half rose 15.3 per cent to S$668.9 million from S$580.2 million in the year-ago period, its bourse filing on Friday showed. Meanwhile, its expenditure rose at a slower pace of 13.8 per cent. During the period, SIAEC posted an operating profit of S$11.1 million, reflecting an increase of S$8.9 million over the same period last year, and S$7.6 million higher than the first half of the financial year. Shares of SIAEC closed S$0.02 or 0.9 per cent higher at S$2.28, before the announcement. StarHub : The telecommunications company on Friday reported a profit of S$31.8 million for the first quarter ended Mar 31, 2025, sliding 18.4 per cent from S$38.9 million in the corresponding year-ago period. This was in tandem with lower earnings before interest, taxes, depreciation and amortisation, as well as higher depreciation and amortisation. It was offset by a higher share of profits from joint ventures and associates, and lower tax expense. Revenue for the three months fell 2.4 per cent year on year to S$540.5 million, from S$553.9 million. The group's regional enterprise business added 10.1 per cent to S$146.5 million, from S$133 million. This was due to a 20.2 per cent growth in managed services, and backed by a strong order book. Shares of StarHub closed flat at S$1.17, before the announcement. Sinarmas Land : Lyon Investments has raised the offer price for Sinarmas Land shares to S$0.375 a share from S$0.31 a share, in an announcement on Saturday. The closing date has been extended to 5.30 pm on May 29. The revised offer price represents an increase of 21 per cent or S$0.065 over the initial offer price, and is higher than the highest closing price of Sinarmas Land shares for more than six years. The revised offer comes as the independent financial adviser for the transaction, W Capital Markets, said that the offer was 'not fair but reasonable'. The offeror held about 70.3 per cent of the total number of issued shares in Sinarmas Land at the launch of the initial offer. As at May 9, the offeror received valid acceptances of about 23.9 per cent of the total shares. This brings Lyon Investments' total number of shares to about 94.2 per cent. Shares of Sinarmas Land closed unchanged at S$0.32 on Friday. UMS Integration : The semiconductor player on Friday reported a profit of S$9.8 million for the first quarter ended Mar 31, 2025, almost unchanged from the group's profit in the corresponding year-ago period. This translates to earnings per share of S$0.0138, down from S$0.0141 a year earlier. The group declared an interim dividend of S$0.01 per share for the period under review, lower than the S$0.012 in Q1 FY2024. Revenue for the period climbed 7 per cent year on year to S$57.7 million, from S$54 million. Shares of UMS ended unchanged at S$1.05 on Friday. Trading halt Cordlife Group : The cord-blood bank announced on Tuesday that it has received a voluntary conditional cash partial offer for a 10 per cent stake in the group from Medeze Treasury, a wholly owned subsidiary of Medeze, a South-east Asian stem cell company listed in Thailand. The offeror is seeking to acquire around 25.6 million shares at an offer price of S$0.25 per share. This reflects a premium of about 61.3 per cent to the last traded price of S$0.155 on Friday, and also the 12-month volume-weighted average price. The company has requested for a trading halt on Tuesday morning. The counter closed 1.9 per cent or S$0.003 lower at S$0.155 on Friday. Frasers Property, Frasers Hospitality Trust: Both requested trading halts on Tuesday 'pending release of an announcement', sparking speculation about merger and acquisition moves involving the two. Previously, the managers of Frasers Hospitality Trust said on Apr 23 that it is undergoing a strategy review. This came after a failed privatisation bid made by the managers of the stapled group in 2022, and a trading activity surge in November and December 2024, when its stapled securities soared around 40 per cent as trading volume hit highs. Shares of Frasers Property closed flat at S$0.815 on Friday, and stapled securities of Frasers Hospitality Trust ended S$0.002 or 0.3 per cent higher at S$0.665.
Business Times
13-05-2025
- Business
- Business Times
Stocks to watch: ThaiBev, Seatrium, SIA Engineering, StarHub, Sinarmas Land, UMS, Cordlife
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (May 13). Thai Beverage : The Chang beer maker announced on Friday that its profit for the second quarter ended Mar 31, 2025, decreased 3.2 per cent on the year to 6.7 billion baht (S$263.5 million), from a restated profit of seven billion baht. The group's Q2 and H1 FY2024 financials have been restated for comparative purposes due to the consolidation of beverage maker Fraser & Neave in September 2024, said ThaiBev in a bourse filing. The profit decline is due to lower earnings in spirits and others segments. Revenue for the three months ticked down 0.6 per cent to 85.4 billion baht, from a restated top line of 85.8 billion baht in Q2 FY2024. This decrease is due to a fall in sales for beer, food, non-alcoholic beverages and other businesses, but partially offset by an increase in sales from spirits. Shares of ThaiBev were up 1 per cent or S$0.005 at S$0.515, before the announcement. Seatrium : The group announced on Tuesday that it won a floating storage regasification unit (FSRU) conversion contract from floating energy infrastructure provider Hoegh Evi, Norway. The contract covers the conversion and longevity of liquified natural gas carrier, Hoegh Gandria, to an FSRU which includes the installation of a regasification skid, as well as the integration of key supporting systems such as cargo handling, utility, offloading, electrical and automation systems. Shares of Seatrium closed 1 per cent or S$0.02 higher at S$2.03 on Friday. SIA Engineering (SIAEC): The mainboard-listed group reported an 87.3 per cent jump in net profit to S$70.8 million for the six months ended March 2025 from S$37.8 million in the same period the previous year. The group's revenue for the second half rose 15.3 per cent to S$668.9 million from S$580.2 million in the year-ago period, its bourse filing on Friday showed. Meanwhile, its expenditure rose at a slower pace of 13.8 per cent. During the period, SIAEC posted an operating profit of S$11.1 million, reflecting an increase of S$8.9 million over the same period last year, and S$7.6 million higher than the first half of the financial year. Shares of SIAEC losed S$0.02 or 0.9 per cent higher at S$2.28, before the announcement. StarHub : The telecommunications company on Friday reported a profit of S$31.8 million for the first quarter ended Mar 31, 2025, sliding 18.4 per cent from S$38.9 million in the corresponding year-ago period. This was in tandem with lower earnings before interest, taxes, depreciation and amortisation, as well as higher depreciation and amortisation. It was offset by a higher share of profits from joint ventures and associates, and lower tax expense. Revenue for the three months fell 2.4 per cent year on year to S$540.5 million, from S$553.9 million. The group's regional enterprise business added 10.1 per cent to S$146.5 million, from S$133 million. This was due to a 20.2 per cent growth in managed services, and backed by a strong order book. Shares of StarHub closed flat at S$1.17, before the announcement. Sinarmas Land : Lyon Investments has raised the offer price for Sinarmas Land shares to S$0.375 a share from S$0.31 a share, in an announcement on Saturday. The closing date has been extended to 5.30 pm on May 29. The revised offer price represents an increase of 21 per cent or S$0.065 over the initial offer price, and is higher than the highest closing price of Sinarmas Land shares for more than six years. The revised offer comes as the independent financial adviser for the transaction, W Capital Markets, said that the offer was 'not fair but reasonable'. The offeror held about 70.3 per cent of the total number of issued shares in Sinarmas Land at the launch of the initial offer. As at May 9, the offeror received valid acceptances of about 23.9 per cent of the total shares. This brings Lyon Investments' total number of shares to about 94.2 per cent. Shares of Sinarmas Land closed unchanged at S$0.32 on Friday. UMS Integration : The semiconductor player on Friday reported a profit of S$9.8 million for the first quarter ended Mar 31, 2025, almost unchanged from the group's profit in the corresponding year-ago period. This translates to earnings per share of S$0.0138, down from S$0.0141 a year earlier. The group declared an interim dividend of S$0.01 per share for the period under review, lower than the S$0.012 in Q1 FY2024. Revenue for the period climbed 7 per cent year on year to S$57.7 million, from S$54 million. Shares of UMS ended unchanged at S$1.05 on Friday. Cordlife Group : The cord-blood bank announced on Tuesday that it has received a voluntary conditional cash partial offer for a 10 per cent stake in the group from Medeze Treasury, a wholly owned subsidiary of Medeze, a South-east Asian stem cell company listed in Thailand. The offeror is seeking to acquire around 25.6 million shares at an offer price of S$0.25 per share. This reflects a premium of about 61.3 per cent to the last traded price of S$0.155 on Friday, and also the 12-month volume-weighted average price. Shares of Cordlife closed 1.9 per cent or S$0.003 lower at S$0.155 on Friday.
Yahoo
12-05-2025
- Business
- Yahoo
Thai Beverage Second Quarter 2025 Earnings: EPS Misses Expectations
Revenue: ฿86.4b (up 19% from 2Q 2024). Net income: ฿6.74b (down 3.7% from 2Q 2024). Profit margin: 7.8% (down from 9.7% in 2Q 2024). The decrease in margin was driven by higher expenses. EPS: ฿0.27 (down from ฿0.28 in 2Q 2024). We've discovered 2 warning signs about Thai Beverage. View them for free. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.3%. Looking ahead, revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Beverage industry in Asia. Performance of the market in Singapore. The company's shares are up 2.0% from a week ago. You still need to take note of risks, for example - Thai Beverage has 2 warning signs (and 1 which is potentially serious) we think you should know about. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Business Times
09-05-2025
- Business
- Business Times
ThaiBev Q2 profit down 3.2% at 6.7 billion baht; declares dividend of 0.15 baht per share
[SINGAPORE] Chang beer maker Thai Beverage (ThaiBev) on Friday (May 9) announced that its profit for the second quarter ended Mar 31, 2025, lowered 3.2 per cent on-year to 6.7 billion baht (S$263.5 million), from seven billion baht in the corresponding year-ago period. This translates to earnings per share (EPS) of 0.27 baht, down from 0.28 baht a year ago. The decline is due to lower profits in spirits and others segments, said ThaiBev in a bourse filing. Revenue for the three months ticked down 0.6 per cent to 85.4 billion baht, from 85.8 billion baht in Q1 FY2024. The top line decrease is due to a fall in sales for beer, food, non-alcoholic beverages and other businesses, but partially offset by an increase in sales from spirits. The group has declared a dividend of 0.15 baht per share, unchanged from the corresponding year-ago period, which will be payable on Jun 12. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up On a half-yearly basis, profit came in at 14.7 billion baht, retreating 3.2 per cent from 15.2 billion baht. Revenue for the six months was 177.6 billion baht, adding 1 per cent from 175.9 billion baht in H1 FY2024. Revenue growth for the half was driven by the beer and non-alcoholic beverages businesses, said ThaiBev. The group noted that the Thai economy has 'showed signs of steady recovery' over October 2024 to March this year, fuelled by tourism, services and positive merchandise exports trend. Although private consumption saw improvement, the group said the Thai economy 'remains vulnerable to several risks', including persistent inflationary pressures and uncertainty surrounding the economic policies of major trading partners. While the recovery in economic activity has improved domestic beverage consumption, the beverage industry 'continues to face intensifying competitive pressures, particularly in Vietnam', said the group, citing regulations that continue to limit domestic alcohol consumption in that market. ThaiBev's subsidiary F&N also reported earnings on Friday. Its profit for the first half ticked up 0.3 per cent to S$84.1 million, from S$83.8 million a year ago. Shares of ThaiBev added 1 per cent or S$0.005 to S$0.515 on Friday, before the announcement.
