Daily BriefsSingapore

Daily Brief Singapore: Thai Beverage, MoneyHero and more

In today’s briefing:

  • Thai Bev to Get F&N Stake from Promoters At Book Value than Fair Market Value
  • MoneyHero Group: A Promising Q1 2024 Result With Lots To Look Forward To!!


Thai Bev to Get F&N Stake from Promoters At Book Value than Fair Market Value

By Devi Subhakesan

  • Thai Beverage(THBEVSP)‘s  proposed swap deal involves acquiring a 41.3% stake in F&N from promoters, seemingly at book value than fair market value, expected in case of an arms length transaction.
  • Fraser And Neave (FNN SP)  holds a 20.3% stake in Vietnam Dairy(VNM VN), Vietnam’s leading dairy player, which is now trading at nearly a 40% discount to the investment value.
  • Understanding TCC Assets’ ownership history of F&N may help clarify the deal’s valuation rationale.

MoneyHero Group: A Promising Q1 2024 Result With Lots To Look Forward To!!

By Baptista Research

  • This is a follow-up research note on MoneyHero Group, a leading personal finance aggregation and comparison entity in Greater Southeast Asia.
  • In its most recent Q1 2024 result, the company continues to demonstrate exceptional growth and strategic agility.
  • MoneyHero Group has seen a significant uptick in revenues and improved margins and was also in the news for an important strategic sale of CompareHero in Malaysia that could prove to be another game changer.

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