|Bid||113.50 x 200|
|Ask||114.90 x 50000|
|Day's Range||94.02 - 94.72|
|52 Week Range||92.50 - 110.10|
|PE Ratio (TTM)||35.33|
|Forward Dividend & Yield||3.89 (3.22%)|
|1y Target Est||N/A|
China Resources Beer (Holdings) Co Ltd said on Monday it had "moderately" raised prices of some of its products in certain regions, becoming the latest Chinese drinks maker to confirm price increases in response to higher packaging, raw material and labour costs. The owner of China's top beer brand, Snow, said it had adopted various measures, including lean marketing and production as well as product refinement, to absorb the cost pressure. The company's shares hit a record high in Hong Kong on Friday on press reports that brewers, including China Resources and rival Tsingtao Brewery Co Ltd, raised some prices from Jan. 1 citing rising costs of materials, labour, transportation and for environmental protection.
Robey Warshaw, the small boutique advisory firm that has worked on some of Britain's biggest deals, saw its annual profits soar 73 percent to more than 60 million pounds, according to a company filing. The firm, founded by veteran investment bankers Sir Simon Robey, Simon Warshaw and Philip Apostolides in 2013, has quickly established itself as one of the UK's leading M&A advisory businesses with roles in blockbuster deals, including Royal Dutch Shell's (RDSa.L) $53 billion acquisition of BG Group, announced in 2015, and Reckitt Benckiser's (RB.L) $16.6 billion purchase of U.S. baby formula maker Mead Johnson Nutrition last year. It came as turnover at Robey Warshaw leapt to 72.7 million pounds from 43.3 million pounds as the firm, which is based in London's upmarket Mayfair district, netted fees from deals that closed in the period.
Constellation Brands (STZ) has exceeded analysts’ sales expectations in seven out of the past ten quarters. In fiscal 2Q18, which ended on August 31, 2017, the company generated sales of $2.09 billion....
Companies seeking to "bulk up" to offset the uncertainty caused by Britain's looming EU exit helped to spur a near doubling of domestic mergers and acquisition activity this year, according to Thomson Reuters data. The volume of UK domestic deals surged to $68 billion (51 billion pounds) from $34.3 billion in 2016 as the number of deals between British groups jumped from 1,480 to 1,681, the highest level since 2008, the data show. It comes against a backdrop of often fractious Brexit negotiations between London and Brussels this year, talks that are yet to provide businesses with clarity about Britain's future relationship with Europe.
AB InBev (BUD) has been putting up a dismal performance for the last few quarters owing to higher cost of sales and greater volatility.
Americans buy a lot of beer — 210.5 million barrels in 2016 to be exact. As evidenced by considerable year-over-year changes in sales by brand, beer lovers can also be fickle when it comes to choosing ...
Americans bought 210.5 million barrels of beer in 2016, up about 2% from a half decade ago. Surely, beer is big business in the United States. The beer industry generated over $350 billion in economic ...
Bear markets are a natural part of investing in the stock market. Here are three stocks to get you through the next one.
TOKYO/HONG KONG, Dec 20 (Reuters) - Chinese conglomerate Fosun International is taking a large chunk of Tsingtao Brewery Co after Japan's Asahi Group Holdings said on Wednesday it would sell its entire 19.9 percent stake for a total of 106 billion yen ($937 million). Asahi said in October it was considering selling its stake in Tsingtao, China's second largest brewer which was founded in 1903 by German and British merchants.
Ho CHI MINH CITY/SINGAPORE (Reuters) - Thai Beverage (TBEV.SI) has won an auction to buy a majority stake worth $4.84 billion (£3.62 billion) in Vietnam's top brewer Sabeco (SAB.HM), a lofty deal that adds a major asset to the beer-to-property empire of Thai magnate Charoen Sirivadhanabhakdi. The deal is a big step for Charoen, the son of a Bangkok street vendor, who is emerging as one of Asia's biggest power players in brewing. The Sabeco deal will also help Thai Beverage (Thai Bev) tap into Vietnam's beer market, worth about $6.48 billion last year, where a young population and booming economy are an attractive lure, despite political resistance, a high minimum bid price and a cap on foreign ownership.
Ho CHI MINH CITY/SINGAPORE (Reuters) - Vietnam is set to auction an up to $5 billion stake in top brewer Sabeco (SAB.HM) on Monday, with Thai Beverage (TBEV.SI) the only potential bidder to have expressed interest in a majority stake. The keenly anticipated sale of the state-owned maker of Bia Saigon gained momentum in recent months after being hampered for years by political resistance, fickle policy-making and complications over valuations. The government has set a minimum sale price of 320,000 dong or $14.10 a share for Saigon Beer Alcohol Beverage Corp (Sabeco), whose shares have nearly trebled to 309,200 dong since its listing a year ago.
The 11 largest beer companies in the world in 2017 dominate the beer industry in terms of market share. The global beer market has witnessed a significant growth over the last couple of years, owing to a rising number of local breweries brewing different types of beers. According to Statista, the global beer production increased […]
HANOI/SINGAPORE (Reuters) - Thai Beverage, through a Vietnam unit, has emerged as the only potential bidder which has registered to own at least 25 percent of the nation's top brewer, Sabeco, in which the government is selling a $5 billion (3.8 billion pounds) stake, although no formal bid has been made. Last month, Vietnam announced its biggest-ever and long-delayed state sale of Sabeco, or Saigon Beer Alcohol Beverage Corp, and said it was open to selling a stake of nearly 54 percent, but retained a cap of 49 percent on foreign ownership.