Thai Beverage Public Company Limited (SGX:Y92) HEFFX Highlights

Thai Beverage Public Company Limited (SGX:Y92) HEFFX Highlights

Thai Beverage Public Company Limited (SGX:Y92) HEFFX Highlights

  • THAI Beverage reported net profit of 34.7 billion baht (S$1.4 billion) for the 12 months ended Sept 30, a 38.5 per cent jump from the same period last year.
  • This came on the back of higher profits for spirits and food, as well as contributions from stakes in Fraser & Neave (F&N) and Frasers Centrepoint Limited (FCL). Also, net profit was buoyed by a decrease in net loss of non-alcoholic beverages business.
  • Excluding a 8.5 billion baht of fair valuation gains on financial assets, net profit from operations would have risen by a smaller 4.6 per cent to 26.2 billion baht.
  • ThaiBev holds a 28.5 per cent and 28.4 per cent stake in F&N and FCL respectively.

Thai Beverage Public Company Limited is a Thailand-based company engaged in the production and distribution of alcoholic and non-alcoholic beverages, and the operation of Japanese restaurants. The Company operates in four business segments, which include spirits, beer, non-alcoholic beverages and food. Spirits segment is engaged in the production and sales of branded spirits products. The Beer segment is engaged in the production and sales of branded beer products. The Non-alcoholic beverages segment is engaged in the production and sales of branded water, soda, ready-to-drink coffee, energy drink, green tea and fruit flavored drinks. The Food segment is engaged in the Japanese restaurants and distribution of foods and beverages.

Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are ranging.

The projected upper bound is: 1.01.

The projected lower bound is: 0.95.

The projected closing price is: 0.98.

THAI BEVERAGE closed up 0.005 at 0.980. Volume was 102% above average (neutral) and Bollinger Bands were 17% narrower than normal.

Open       High         Low          Close       Volume
0.975       0.985       0.970       0.980       31,426,200

Technical Outlook
Short Term: Overbought
Intermediate Term: Bearish
Long Term: Bullish

Moving Averages: 10-period         50-period         200-period
Close:                       0.96                  0.94                   0.93
Volatility:                30                      19                       21
Volume:                   15,925,011       14,902,074       19,599,136

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary
THAI BEVERAGE is currently 5.9% above its 200-period moving average and is in an downward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect volume flowing into and out of TBEV.SI at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on TBEV.SI and have had this outlook for the last 7 periods.

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 84.0000. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a buy 6 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 60.71. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 18 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 181.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a buy 2 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 1 period(s) ago.

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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