Friday, September 20, 2019 10:54:29 PM - Markets open
VN-INDEX 990.36 -6.74/-0.68%
HNX-INDEX 104.14 +0.10/+0.10%
UPCOM-INDEX 56.97 +0.27/+0.48%
Sabeco targets 50 per cent market share this year
http://www.vir.com.vn/ - 1/17/2018 10:29:02 AM
 (0 ratings. You must sign in to rate.)
This was announced by Koh Poh Tiong, chairman of F&N—a member company of Thai Beverage Public Company Limited (ThaiBev)—at Sabeco’s meeting to summarise the business results of 2017 and the development plan for 2018.
 
“Being the large shareholder of Sabeco, we will support the corporation to become the leading brewer in Vietnam. We will take Sabeco’s products into F&N’s distribution system in Vietnam and other countries, and simultaneously increase Sabeco’s beer sales in Singapore, Thailand, and Vietnam,” Tiong stated.
 
With its experience and success in beer production, ThaiBev is considered sufficiently armed to realise the above targets. Notably, Sabeco alone owns 26 manufacturing plants, 10 trading subsidiaries, and 37 branches with 1,200 first-tier beer distributors nationwide.
 
Meanwhile F&N, especially ThaiBev, is holding either large or controlling stakes in large-scale Vietnamese firms like Vinamilk, Metro Cash & Carry Vietnam, Phu Thai’s distribution system, as well as five-star Melia hotel.
 
In 2017, Sabeco reported beer consumption at 1.727 billion litres and an increase of 11 per cent in revenue. The corporation’s pre-tax profit was VND5.84 trillion ($257.2 million), coming from holding 40 per cent of the beer market. According to experts, in 2018, Sabeco only needs to rearrange its management board and governance methods towards transparency to acquire 1.5 times as much profit than it had in 2017.
 
Contrary to Sabeco’s positive business results and hefty targets, Hanoi Beer, Alcohol and Beverage Corporation (Habeco), reported bleak business in 2017. Notably, last year, Habeco only produced 675.7 million litres of beer with a pre-tax profit of VND952 billion ($41.9 million), decreases of 48.3 million litres and VND25.3 billion ($1.1 million) compared to 2016.
 
According to Nguyen Manh Hung, director of Habeco, the bad weather impacted the company’s revenue and profit. Besides, the increasing presence of Habeco’s competitors like Heineken and Sabeco also contributed to decreasing market share and business performance.
 
This year, Habeco targets to produce 699.2 million litres of ber, up 4.3 per cent on-year, and to ear VND995 billion ($43.8 million) in pre-tax profit, up 0.3 per cent on-year.
 
Earlier on December 18, Vietnam Beverage (49 per cent controlled by ThaiBev), won an auction to acquire 343.6 million shares, equivalent to 53.5 per cent, of Sabeco at VND320,000 ($14.09) apiece.
 
This was the largest share sale in Vietnam to date and possibly the largest in Asia throughout the year.
 
Vietnam Beverage is wholly-owned by Vietnam F&B Alliance Investment JSC, which is in turn indirectly owned by Beer Co., Ltd., a Hong Kong-based company wholly-owned by ThaiBev.
 
Read original article here
Newer News
16:19 QNS: Notice of transaction of connected person (Huynh Thi Hong Mai)
16:19 PSP: Notice of record date for dividend payment in cash
16:19 PMW: Result of transactions of Directors, PDMR (The Union of Phu My Water Supply Joint Stock Company)
16:08 VGI: Change in personnel
16:08 TSJ: Notice of record date for Dividend payment in cash
16:08 THR: Result of transactions of Directors, PDMR (Mr. Le Van Hieu)
16:08 TEL: Change in shareholding of principal shareholder (Mr. Le Hai Doan)
16:08 SEP: Notice of transactions of Directors, PDMR (Mr. Mai Chiem An)
16:08 SEP: Notice of transaction of connected person (Mr. Mai Quoc Toan)
16:08 SDI: Notice of record date for a ballot
Older News
16/01 FUESSV50: NAV 15 Jan 2018
16/01 FUESSV50: Announcement after exchange trading _ 15 Jan 2018
16/01 E1VFVN30: NAV 15 Jan 2018
16/01 E1VFVN30: FS Q4.2017
16/01 E1VFVN30: Announcement after exchange trading _ 15 Jan 2018
16/01 TCD: Collecting shareholders' opinion documents
16/01 SRF: Notice of trading of shares by an internal shareholder (Pham Ngoc Son)
16/01 PTL: Notice of trading of shares by an internal shareholder (Dinh Viet Thanh)
16/01 HBC: Report on results of trading of shares by a related person
16/01 HBC: Report on Results of trading of shares by an internal shareholder
 
Newsletter Signup
Top Stories
Crude import tax zeroed in November
VN central bank makes first key rate cut since 2017
Total UPCoM firms reach 850 in August
ACV: Gov't should buy back shares from ACV's foreign shareholders: MoT
EU enhances inspections on Vietnam’s agricultural products from Sept 1
Market Update
Last updated at 3:10:00 PM
VN-INDEX 990.36 -6.74/-0.68%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.