Asia Pacific Breweries says attributable net profit grew 65% or $45.6 million to $115.7 million for the first quarter ended 31 December 2010 compared to first quarter last year. Group profit before interest and taxation (PBIT) advanced to $207.5 million, an increase of $71.8 million or 53%. Group revenue stood at $856.9 million, an increase of 35% over the same period last year. The improvement in earnings was driven mainly by organic growth and new businesses.
| Latest Forum Topics / APB |
 Post Reply
|
|
APB
|
|||||
|
tiancai007
Master |
20-Jul-2012 19:43
|
||||
|
x 0
x 0 Alert Admin |
SINGAPORE: Dutch beer group Heineken on Friday announced a S$5.1 billion (US$4.1 billion) bid for Singapore's Asia Pacific Breweries (APB) to boost its presence in the region's booming alcohol market.
Heineken said it had offered to pay S$50 a share for APB parent Fraser & Neave's (F&N) entire stake in the brewer, a premium of S$8 over its Thursday closing price. Analysts said the move could trigger a takeover battle with Thai and Japanese investors for control of APB, which makes Tiger beer and other brands that are popular across Asia, including the Chinese market. F&N said in a statement it was considering the Heineken offer "which remains open for acceptance" until July 27. "There is no certainty that any transaction or agreement will be entered into as at the time of this announcement," it added. Trading of shares in APB and F&N was halted at the Singapore Exchange on Friday after Heineken made its bid public. Heineken and F&N have been longtime partners in Asia. Heineken currently owns 41.9 per cent of APB, one of Southeast Asia's biggest brewers, while F&N holds 40 per cent. Japanese brewer Kirin Holdings owns 14.7 per cent of F&N. "Heineken's offer is in line with the company's strategy to expand its presence in emerging markets," the Dutch brewer it said in a statement issued from Amsterdam. Heineken said a takeover would give it direct access to a number of important markets including Cambodia, China, Indonesia, Malaysia, New Zealand, Papua New Guinea, Singapore, Thailand and Vietnam. Heineken's bid came after Kindest Place, a company owned by a son-in-law of Thai drinks tycoon Charoen Sirivadhanabhakdi, offered to buy an 8.6 per cent stake in APB for S$45 a share, Dow Jones Newswires said. Charoen's own firm, Thai Beverage Ltd, which makes Chang beer, has also offered to buy a combined 22 per cent stake in F&N for S$2.78 billion from Singapore's OCBC Bank and partners. "We suspect the Heineken move is in response to the Thai offer," said a Singapore-based analyst who asked not to be named because of his company's association with one of the parties. "It's all about the Asian growth story. The beer business is very lucrative in the region." Justin Harper, market strategist with IG Markets Singapore, said he expects a "three-way battle" involving Heineken, the Thai tycoon and Kirin Holdings. "Kirin will be watching developments very closely as APB is a prized asset in the sweet spot for the growth of beer consumption in Asia," Harper told AFP. "While Kirin has so far denied any fresh bid, one can't rule this out once the dust settles on the surprise counter bid from Heineken," he said. Heineken has seen demand slow in more mature markets like Western Europe and already earns about half of its profits from emerging markets, he said. Dow Jones Newswires quoted a Kirin spokesman as saying: "We don't know how things will play out from here, but we're anticipating various scenarios and closely watching the situation." Thai Beverage senior vice president Vichate Tantiwanich said Heineken's offer for APB does not affect its investment in F&N, according to Dow Jones. Heineken said it was "keen to agree a deal with F&N" but gave notice that if Heineken is "denied the ability to extend its offer to all APB shareholders it will review all options available to protect its commercial interests". "We really value our partnership with F&N which goes back over 80 years but, due to changes in the F&N and APB shareholding, the fabric of the partnership has changed," Heineken chairman and chief executive Jean-Francois van Boxmeer said in the statement. |
||||
| Useful To Me Not Useful To Me | |||||
|
sgnewbie
Master |
20-Jul-2012 11:27
|
||||
|
x 0
x 0 Alert Admin |
http://sgxinfo.blogspot.sg/2012/07/heineken-plans-s77-billion-apb-bid-in.html | ||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
ozones
Member |
20-Jul-2012 11:20
|
||||
|
x 0
x 0 Alert Admin |
Offer price $50 | ||||
| Useful To Me Not Useful To Me | |||||
|
sgnewbie
Master |
20-Jul-2012 10:13
|
||||
|
x 0
x 0 Alert Admin |
The fight for APB. Who will win? http://sgxinfo.blogspot.sg/2012/07/heineken-nv-has-bid-for-apb.html |
||||
| Useful To Me Not Useful To Me | |||||
|
bsiong
Supreme |
05-Apr-2011 09:38
Yells: "The Greatest Wealth is Health" |
||||
|
x 0
x 0 Alert Admin |
Asia Pacific Breweries Ltd announced that GDH Limited, the controlling shareholder of Kingway Brewery Holdings Limited has exercised its pre-emption rights to acquire from Heineken-APB ( China ) Pte Ltd, 365,767,453 ordinary shares in Kingway Brewery. Heineken-APB ( China ) Pte Ltd is 50% owned by Asia Pacific Breweries. GDH Limited will acquire the shares, which represent approximately 21.37% of the issued share capital of Kingway Brewery Holdings Limited, for RMB1.08 billion (equivalent to approximately S$205 million based on an agreed exchange rate mechanism). /sgx /* /* |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
bsiong
Supreme |
10-Feb-2011 18:32
Yells: "The Greatest Wealth is Health" |
||||
|
x 0
x 0 Alert Admin |
Tags: Asia Pacific Breweries
|
||||
| Useful To Me Not Useful To Me | |||||
|
tradersgx
Veteran |
11-Feb-2010 23:32
|
||||
|
x 0
x 0 Alert Admin |
ASIA PACIFIC BREWERIES LIMITED Unaudited results for the first quarter ended 31 December 2009 1st Quarter to 31/12/2009 Revenue $639.2 mlns +10.2% Profit after taxation $93.6mlns +58.1% ( ^_^) (^_^ ) ( ^_^)( ^_^)( ^_^) (^_^ ) (^_^ ) (^_^ ) (^_^ )(^_^ ) ( ^_^) ( ^_^) ( ^_^)( ^_^)( ^_^) +58.1% (^_^ )(^_^ ) (^_^ ) (^_^ )(^_^ ) ( ^_^) ( ^_^) ( ^_^) ( ^_^) ( ^_^) (^_^ )(^_^ ) (^_^ ) (^_^ )(^_^ ) ( ^_^) ( ^_^ )( ^_^) ( ^_^) (^_^ ) (^_^ ) (^_^ ) (^_^ ) (^_^ ) http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_635BB2CCF72C3DB2482576C7002884A0/$file/APB-1Qtr-Dec09.pdf?openelement |
||||
| Useful To Me Not Useful To Me | |||||
|
zhuge_liang
Supreme |
17-Jun-2008 01:02
|
||||
|
x 0
x 0 Alert Admin |
Nomura upgrades Asia Pacific Breweries to Neutral from Sell on reduced downside to higher fair value of $12.97 vs $12.10 previously, based on 22.8X FY09 EPS. Fair value change follows rolling forward of free-cash multiple to FY09 from FY08, adjustments to FY08-09 earnings forecasts. Expects higher raw material costs to hurt margins; "we are concerned about APB''s ability to pass on price increases - rising competition means lifting prices is tough, while marketing expenses continue to rise." | ||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
zhuge_liang
Supreme |
06-Oct-2007 18:20
|
||||
|
x 0
x 0 Alert Admin |
Asia Pacific Breweries will tap rising incomes and younger populations in China, India and Vietnam to drive growth over the next decade, a senior company official said 4/10. India's per capita consumption of beer is just 1 litre, lagging other Asian markets such as Thailand and S'pore, but rising incomes and easing regulations are helping the market grow quickly, said Vivek Chhabra, director for South Asia at APB. "The real attraction is the growth opportunity, as it's one of the fastest-growing beer markets in the world," he said at the launch of APB's first brand in India, Baron's Strong Brew. "As the market matures, there will be a shift to more premium beers," he said. Premium beers made up less than 1%of the Indian market, compared to about 15% in Vietnam, he said. Strong beer makes up about two-thirds of the Indian market, estimated at nearly 11 million hectolitres in the year to Mar '07, up 27% yoy, Chhabra said. Strong beer is forecast to grow at about 18% annually over the next 5 years, with the total beer market expected to more than double to 23.3 million hectolitres by '12. APB, a jv of Singapore's Fraser & Neave and Dutch brewer Heineken , last year bought 76% in India's Aurangabad Breweries Ltd and 67% in another jv for a greenfield brewery near Hyderabad city. It has spent about US$43 million on the acquisition and the greenfield, which will be operational by year-end, Chhabra said. The brewery in Aurangabad in western Maharashtra state has a capacity of 500,000 hectolitres, and already makes a local strong beer. The Hyderabad brewery will have a similar capacity. A complex tax structure and restrictions on the production, distribution and marketing of alcoholic drinks in India bumps up the price of beer to many times the price in China, Chhabra said. "That's the reason brewers choose to go to China first, and that's the reason India is one of those rare markets where consumption of spirits far outstrips beer," he said. "But some states are slowly easing restrictions on distribution," he said, pointing to Punjab, Rajasthan, Maharashtra and Karnataka, which are also considered the biggest markets for beer in the country. APB has 15 breweries in China and Mongolia. China accounts for nearly two-thirds of the Asia-Pacific beer market by volume, Chhabra said. APB, which also makes Tiger and Anchor beer, will compete with local leader United Breweries Ltd, which has a venture with Scottish & Newcastle, SABMiller, Anheuser-Busch, Carlsberg and others. |
||||
| Useful To Me Not Useful To Me | |||||
|
singaporegal
Supreme |
26-Feb-2007 21:10
Yells: "Female TA nut" |
||||
|
x 0
x 0 Alert Admin |
I think APB is too expensive and too illiquid for TA traders.... |
||||
| Useful To Me Not Useful To Me | |||||
|
pikachu
Veteran |
26-Feb-2007 15:26
Yells: "Holy Cow!" |
||||
|
x 0
x 0 Alert Admin |
What the heck is happening to APB?? One of the top losers today.... |
||||
| Useful To Me Not Useful To Me | |||||
|
nooovva
Member |
19-Feb-2007 11:37
|
||||
|
x 0
x 0 Alert Admin |
volume is kinda low as mentioned earlier but I did a residual income analysis of this stock last nov and it came out with a fair value of $15.7. DCF was $16+ if i remembered correctly. They were both based on a projection of 10 yrs but i was pretty conservative. | ||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
scotty
Senior |
18-Feb-2007 17:10
|
||||
|
x 0
x 0 Alert Admin |
Cut and paste from SJ market bites - Good time to buy now? Asia Pacific Breweries says it is aligning itself with Molson in Canada for the exclusive distribution of Tiger Beer in the country. Canada has a beer consumption rate of over 22 million hectorlitres a month, making it one of the largest markets in the world. Molson will posses the exclusive rights to market, sell and distribute Tiger in Canada. APB says that this helps bring them a closer to their vision of developing Tiger into the worlds leading contemporary Asian beer brand. Analysts surveyed by Reuters have on average a 'sell' call on the stock with a price target of S$12.10, compared to its last traded price of S$16.00, trading flat. |
||||
| Useful To Me Not Useful To Me | |||||
|
singaporegal
Supreme |
14-Dec-2006 10:41
Yells: "Female TA nut" |
||||
|
x 0
x 0 Alert Admin |
Low volumes... TA people should avoid | ||||
| Useful To Me Not Useful To Me | |||||