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Thai Beverage Public Co ( (SG:Y92) ) has provided an announcement.
Thai Beverage Public Company Limited announced the issuance of Baht 38,000 million in debentures, which were oversubscribed by 2.97 times the initial amount. The funds raised will be used to repay existing debts, including exercising call options on previous debentures, and the issuance received an ‘AA(tha)’ investment grade rating from Fitch Ratings (Thailand) Limited. This strategic financial move is expected to strengthen THBEV’s financial position and enhance its market stability, benefiting stakeholders and reinforcing its industry standing.
The most recent analyst rating on (SG:Y92) stock is a Buy with a S$0.50 price target. To see the full list of analyst forecasts on Thai Beverage Public Co stock, see the SG:Y92 Stock Forecast page.
More about Thai Beverage Public Co
Thai Beverage Public Company Limited (THBEV) operates in the beverage industry, primarily focusing on the production and distribution of alcoholic and non-alcoholic beverages. The company is a significant player in the Southeast Asian market, with a diverse portfolio that includes spirits, beer, and non-alcoholic drinks.
Average Trading Volume: 24,738,292
Technical Sentiment Signal: Sell
Current Market Cap: S$11.69B
See more data about Y92 stock on TipRanks’ Stock Analysis page.