Industry News       English French Dutch Spanish German Russian Italian Portuguese Portuguese Danish Greek Romanian Ukrainean Chinese Polish Korean
Logo Slogan_Italian


CASTLE MALTING NEWS in partnership with www.e-malt.com Italian
19 January, 2021



Brewing news Vietnam: Analysts expect lower valuation for ThaiBev’s beer assets

UOB Kay Hian (UOBKH) on January 18 said it is reasonable to expect a lower valuation for Thai Beverage Company's beer assets, given Sabeco - its Vietnam brand - had been impacted by drink-driving regulations and Covid-19 restrictions, The Business Times reported.

The research team's note follows news that ThaiBev has revived plans to list its regional beer assets through an initial public offering in Singapore, people familiar with the matter told Reuters.

UOBKH analyst Lucas Teng said drink-driving regulations are expected to have a more permanent effect on alcohol consumption and could put valuation on a lower range compared with 2019.

"However, Vietnam's young population still makes the market a compelling prospect for growth," he noted.

He said recovery has been encouraging thus far and estimates beer volumes in Vietnam to be approximately 15-20 per cent below pre-Covid-19 levels as at end-FY2020.





Torna



E-malt.com, the global information source for the brewing and malting industry professionals. The bi-weekly E-malt.com Newsletters feature latest industry news, statistics in graphs and tables, world barley and malt prices, and other relevant information. Click here to get full access to E-malt.com. If you are a Castle Malting client, you can get free access to E-malt.com website and publications. Contact us for more information at marketing@castlemalting.com .














We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.     Ok     No      Privacy Policy   





(libra 0.7969 sec.)