Saturday July 20, 2019 04:11

THAI BEVERAGE Press Releases

CRYSTAL Is Heading North! Launches a New Production Line in Lampang to Better Serve Fresh Quality Drinking Water to Consumers in Northern Thailand Events—28 Jun 19

Mr. Somchai Bulsook (center), Chairman of Sermsuk Public Co., Ltd. together with Dr. Pisanu Vichiensanth (third from left), Director and Executive Vice President of Thai Beverage Public Co., Ltd. presided over the opening ceremony of CRYSTAL's new

Fitch Revises Thai Beverage Outlook to Affirms at #BBB-#/#AA(tha)# Stcoks—10 Apr 19

Bangkok--10 Apr--Fitch Ratings

Fitch Ratings-Bangkok/Singapore-10 April 2019: Fitch Ratings (Thailand) Limited has revised Thai Beverage Public Company Limited's (ThaiBev) Outlook to Negative from Stable and affirmed its Long-Term Foreign-Currency Issuer Default Rating at 'BBB-', its National Long-Term Rating at 'AA(tha)', and its senior unsecured rating at 'AA(tha)'.

The Negative Outlook reflects risks to the pace of the company's deleveraging, which has been slower than our previous forecasts due to weak domestic demand for alcoholic beverages in the fiscal year ended September 2018 (FY18) following a series of acquisitions in 1QFY18 that raised leverage.

KEY RATING DRIVERS

Slower Deleveraging: We now expect ThaiBev's net leverage, measured by funds from operations (FFO) to adjusted net debt, to remain high at around 4.5x-5.5x in FY19-FY21, compared with our earlier forecast of 4.0x by FY21, although coming off the peak of 8.3x at FYE18. This follows the acquisition of Saigon Beer-Alcohol-Beverage Corporation (Sabeco) in Vietnam, the Grand Royal Group (GRG) in Myanmar (made up of Myanmar Supply Chain and Marketing Services Co., Ltd and Myanmar Distillery Co., Ltd.) and 252 KFC outlets in Thailand.

ThaiBev has demonstrated its commitment to prioritising debt reduction and maintaining a conservative capital

Thai Beverage Industry Association, Coca-Cola and Indorama Ventures join forces to encourage using General—05 Oct 18

Thai Beverage Industry Association, The Coca-Cola system in Thailand and Indorama Ventures Public Company Limited have announced their collaboration to encourage the use of recyclable PET (rPET) in beverage packaging to help reduce the amount of virgin

Fitch: ThaiBev#s Larger Issuance Won#t Affect Rating on Bond Stcoks—11 Sep 18

Fitch Ratings (Thailand) Limited says there will be no rating impact on the 'AA(tha)' rating on Thai Beverage Public Company Limited's (ThaiBev, BBB-/AA(tha)/Stable) new senior unsecured debentures after the company increased the size of the issuance to

Photo Release: Sheraton Hua Hin Resort Spa Hosts #The Return of AOF Thank You Lifestyle—05 Sep 18

Mr. Bruce Dupuis (center), General Manager, Sheraton Hua Hin Resort and Spa, together with hotel management and sponsors, including Thai Beverage Public Company Limited (ThaiBev); Independent Wine & Spirit (Thailand) Co.Ltd. (IWS), and Pernod Ricard

TCP Group integrates sustainability into 5-year business plan Stcoks—16 Aug 18

TCP Group, the Thai beverage and snacks group that owns, manufactures, and distributes Krating Daeng (Red Bull), Ready, Sponsor, Som Plus, Mansome, and Puriku beverages as well as Sun Snack snacks, today, announced that it has embedded far-reaching

Fitch Rates ThaiBev#s Unsecured THB Debentures #AA(tha)# Stcoks—03 Aug 18

Fitch Ratings (Thailand) Limited has assigned Thai Beverage Public Company Limited's (ThaiBev, BBB-/AA(tha)/Stable) new senior unsecured debentures amounting to THB70 billion a National Long-Term Rating of 'AA(tha)'. The debentures are in five tranches

Fitch Affirms ThaiBev at #BBB-#/#AA(tha)#; Outlook Stable Stcoks—02 Aug 18

Fitch Ratings-Bangkok/Singapore-02 August 2018: Fitch Ratings has affirmed Thai Beverage Public Company Limited's (ThaiBev) Long-Term Foreign-Currency Issuer Default Rating at 'BBB-', and its National Long-Term Rating at 'AA(tha)'. The Outlook is

Fitch Affirms ThaiBev at #BBB-#/#AA(tha)#; Outlook Stable Stcoks—02 Aug 18

Fitch Ratings has affirmed Thai Beverage Public Company Limited's (ThaiBev) Long-Term Foreign-Currency Issuer Default Rating at 'BBB-', and its National Long-Term Rating at 'AA(tha)'. The Outlook is Stable. ThaiBev experienced challenges in its domestic

Photo Release: TCCtech Welcomed ThaiBev#s Success in Winning ICT Excellent Awards General—17 Apr 18

Recently – TCC Technology Company Limited (TCCtech) congratulates the Thai Beverage Public Company Limited (ThaiBev) regarding their success in winning ICT Excellent Awards 2018 - Core Process Improvement Project Category, awarded for their Van

Thailand Foundation launches video clips on Thai street food cooking Lifestyle—21 Feb 18

The Thailand Foundation, in cooperation with Thailand's Ministry of Foreign Affairs and Thai Beverage Public Company Limited, has launched Thai cooking video clips on 40 menus as recommended by CNN Travel's 40 Thai foods we can't live without. Here's the

TRIS Rating Assigns AA/Stable Rating to Senior Unsecured Debt Worth Up to Bt50,000 Million of Stcoks—16 Feb 18

TRIS Rating affirms the company rating of Thai Beverage PLC (ThaiBev) at "AA". At the same time, TRIS Rating assigns the rating of "AA" to ThaiBev's proposed issue of up to Bt50,000 million in senior unsecured debentures. The proceeds from the new

Fitch Downgrades ThaiBev to #BBB-/AA(tha)#; off Outlook Stable Stcoks—08 Feb 18

Fitch Ratings (Thailand) Limited has downgraded Thai Beverage Public Company Limited's (ThaiBev) Long-Term Foreign-Currency Issuer Default Rating to 'BBB-' from 'BBB', and its National Long-Term Rating to 'AA(tha)' from 'AA+(tha)'. The ratings have been

Fitch Places ThaiBev on Rating Watch Negative Following Sabeco Acquisition Stcoks—20 Dec 17

Fitch Ratings (Thailand) Limited has placed Thai Beverage Public Company Limited's (ThaiBev) Long-Term Foreign-Currency Issuer Default Rating (IDR) of 'BBB' and National Long-Term Rating of 'AA+(tha)' on Rating Watch Negative (RWN) after the company

สดุดีบทเพลงแห่งแผ่นดิน ชวนซาบซึ้งไปนิรันดร์ ฟรีคอนเสิร์ต Still On My Mind Presented by Thai บันเทิง—17 Oct 17

ซาบซึ้ง สุดประทับใจ น้อมส่งเสด็จฯ อย่างยิ่งใหญ่ โดย บริษัท ไทยเบฟเวอเรจ จำกัด (มหาชน)โต้โผจัดงานฟรีคอนเสิร์ต "Still On My Mind" The Acoustic night (Tribute to the great king) Presented by Thai Beverage พร้อมดึง เบิร์ด-เอกชัย เจียรกุล

ภาพข่าว: น้อมรำลึกถึงพระองค์ท่านฯผ่านบทเพลงพระราชนิพนธ์ ผ่านฟรีคอนเสิร์ต คอนเสิร์ต Still On My Mind ทั่วไป—17 Oct 17

คุณกมลนัย ชัยเฉนียน ผู้ช่วยกรรมการผู้อำนวยการใหญ่ และ คุณนิติกร กรัยวิเชียร ผู้อำนวยการโครงการส่งเสริมศิลปวัฒนธรรม บริษัท ไทยเบฟเวอเรจ จำกัด (มหาชน) เป็นประธานจัดงานฟรีคอนเสิร์ต "Still On My Mind" The Acoustic night (Tribute to the great king) Presented

ฟรีคอนเสิร์ต Still On My Mind The Acoustic night (Tribute to the great king) Presented by Thai บันเทิง—04 Oct 17

เข้าสู่บรรยากาศของการรำลึก เบิร์ด-เอกชัย เจียรกุล แชมป์กีต้าร์คลาสสิคโลก ขวัญใจคนไทย เตรียมจัดคอนเสิร์ตบทเพลงพระราชนิพนธ์ในรูปแบบใหม่ที่จะรวบรวมบทเพลงพระราชนิพนธ์ยอดนิยมอันไพเราะมาถ่ายทอดในรูปแบบ Acoustic Version

เบิร์ด เอกชัย แชมป์กีต้าร์คลาสสิคโลก เผยไฮไลท์ ฟรีคอนเสิร์ตบทเพลงพระราชนิพนธ์ Still On My Mind The บันเทิง—04 Oct 17

เตรียมจัดงานฟรีคอนเสิร์ตบทเพลงพระราชนิพนธ์ "Still On My Mind" The Acoustic night(Tribute to the great king) Presented by Thai Beverage (สติล ออน มาย ไมด์ เดอะ อะคูสติคไนท์ ทรีบิวท์ ทู เดอะ เกรท คิง พรีเซนเตด บาย ไทยเบฟเวอรเรจ)

Thailand won the right Air Race1 World Cup Thailand national event during the end of General—26 Sep 17

Sports Authority of Thailand, Ministry of Tourism and Sports together with the Navy have arranged for the Air Race1 World Cup Thailand 2017 presented by Chang with Thai Beverage Public Company limited as the main sponsor of the event. Thailand has been

Photo Release: Thai Beverage Logistics Discussed with TCC Technology and Leap Solutions General—20 Sep 17

Thai Beverage Logistics Co., Ltd. (TBL) represented by Mr. Totrakool Khongsap (Ph.D.), Deputy Managing Director (8th from left) discussed with T.C.C. Technology Co., Ltd. (TCCtech) represented by Mr. Voradis Vinyaratn, Executive Director and Acting

Fitch Affirms ThaiBevs Ratings at #BBB and #AA+(tha)# Stcoks—08 Aug 17

Fitch Ratings has affirmed Thai Beverage Public Company Limited's (ThaiBev) Long-Term Issuer Default Rating (IDR) at 'BBB' and National Long-Term Rating at 'AA+(tha)'. The Outlook is Stable. The affirmation reflects ThaiBev's strong business profile as

Fitch Assigns First-Time #BBB and #AA+(tha)# Ratings to ThaiBev Stcoks—10 Aug 16

Fitch Ratings has for the first time assigned Thai Beverage Public Company Limited (ThaiBev) a Long-Term Issuer Default Rating (LT IDR) of 'BBB', with a Stable Outlook. The agency has also assigned a first-time National Long-Term Rating of 'AA+(tha)',

ASIATIQUE The Riverfront Launches To Riverwith Love, a Festival of Contemporary Culture on the General—20 Nov 15

ASIATIQUE The Riverfront, along with the Ministry of Culture, Navy, Bangkok Metropolitan Administration, Tourism Authority of Thailand, Government Savings Bank and Thai Beverage PLC invite everyone to relish Thailand's rich cultural heritage at the "To

TRIS Rating Upgrades Company Rating of ThaiBev to AA from AA- with Stable Stcoks—06 Oct 15

TRIS Rating has upgraded the company rating of Thai Beverage PLC (ThaiBev) to "AA" from "AA-" with "stable" outlook. The upgrade reflects ThaiBev's strengthened credit quality, supported by a solid operating performance, growing cash flow, healthier

Photo Release: 6-Red World Championship 2015 General—27 Aug 15

Mr. Sinthu Poonsiriwong, President, the Snooker Association of Thailand and Mr. Surapol Utintu, Executive Director of Thai Beverage Marketing Company Limited, recently press conference and draw a line competition of “SangSom 6-Red World

Thai Bev wishes to tap into AITs internationality General—13 Jan 15

A senior delegation of Thai Beverage Public Company officials, led by its Senior Vice President, Mr. Kosit Suksingha, visited the Asian Institute of Technology (AIT) on 6 January 2015 seeking to tap into AIT’s internationality. Interacting with AIT

Photo Release: est Celebrates Its Second Anniversary Business—06 Nov 14

Mr. Thapana Sirivadhanabhakdi (second from left), President and CEO, Thai Beverage Public Company Limited joined with Mr. Dhitivute Bulsook (second from right), President of Sermsuk Public Company Limited to celebrate the second anniversary of est,

TRIS Rating Affirms Company Rating and Outlook of ThaiBev at AA-/Stable Stcoks—22 Aug 14

TRIS Rating has affirmed the company rating of Thai Beverage PLC (ThaiBev) at “AA-” with “stable” outlook. The rating reflects ThaiBev’s leading position in the Thai alcoholic beverages industry, strong cash flow, as well as

BLUES CELEBRATE 10 YEARS OF FRIENDSHIP WITH NEW RECORD BREAKING SHIRT General—20 Mar 14

Everton has today confirmed an extension to its shirt sponsorship with Chang in a deal that could be worth in excess of £16 million – the most lucrative in the Club’s 136-year history. Everton Chief Executive Robert Elstone, striker