|Bid||0.7050 x 0|
|Ask||0.7100 x 0|
|Day's range||0.7000 - 0.7100|
|52-week range||0.6350 - 0.7400|
|Beta (5Y monthly)||1.12|
|PE ratio (TTM)||18.21|
|Earnings date||13 May 2022|
|Forward dividend & yield||0.02 (2.92%)|
|Ex-dividend date||26 May 2022|
|1y target est||0.88|
Singapore-listed Thai Beverage is looking to raise as much as $1 billion through the revived Singapore initial public offering (IPO) of its regional beer business later this year, two sources familiar with the matter said on Thursday. Earlier on Thursday, Thai Bev, the maker of Chang beer, said in a regulatory filing that it had re-started the process to list its regional beer unit, BeerCo, and would look to sell up to a 20% stake through the Singapore IPO.
Singapore-listed Thai Beverage said on Thursday it would look to sell a 20% stake in its regional beer business through a Singapore listing, more than a year after it postponed the plan for a second time due to pandemic-led uncertainty. The spin-off by ThaiBev, controlled by one of Thailand's richest men Charoen Sirivadhanabhakdi, was set to be the largest initial public offering in the city-state in nearly a decade before it was called off in April last year. In January 2021, Reuters had reported that the IPO could raise about $2 billion.
The Russian rouble lost nearly 30% against the dollar in the wake of the sanction announced over the weekend, wich included blocking some Russian banks from the SWIFT international payments system, as well as targeting Russia's central bank and currency reserves. Other currencies were also weaker, with Singapore's dollar and the South Korean won easing 0.5% each.