29 August 2012

Thai Bev - Increased stakes in F&N

Thai Beverages increased the shareholdings of F&N to 29.0%. With ongoing APB war between Thai Beverages and Heineken, I believe it is a good news to the shareholders of F&N, as they will enjoy a good selling price for APB at at least $53per shares. I think it can increase the demand for F&N shares at this moment. But anyway, I believe F&N is already reflected its fair value in the market as it was at the spotlight in this quiet market this year.