ThaiBev BeerCo Pre-IPO - Thoughts on BeerCo and ThaiBev HoldCo Valuation
Thai Beverage (THBEV SP) announced that it received a no-objection letter for the proposed spinoff of BeerCo. In this note, we will look at the...
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Ginebra San Miguel- The World’s Best Selling Gin Brand On Sale for Under 3 Times TTM EBITDA
Ginebra San Miguel is the maker of the world’s best-selling gin brand. It has a net cash position, its sales are growing, and its operating margin...
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StubWorld: Iljin, Alliance Global, H2O/Toho, Daewoong, Silicon Integrated/United Micro, Ayala
This week in StubWorld ... A change of pace with RV bifurcations having settled down (somewhat) from a month ago: a quick read through on three...
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StubWorld: Bank of Kyoto, Wheelock/Wharf, AVIC, Alliance Global
This week in StubWorld ... Bank Of Kyoto (8369 JP) is "cheap" but management has no intention of unwinding its cross-holdings. Wheelock (20...
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AllHome IPO: Broader Appeal at the Low-End
AllHome (AHM PM) claims to have pioneered the “one-stop-shop” home improvement retailer in the Philippines. AllHome has announced its IPO price...
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