Stocks in the news (thaibev, true) 27.05.13

ThaiBev

ThaiBev takes aim at Myanmar, F&N buy opens the door for drinks giant —Thai Beverage Plc (ThaiBev) is seeking a greater presence in Myanmar through its partnership with Fraser and Neave Ltd (F&N), the Singaporean firm acquired earlier this year by the Thai drinks giant. Thapana Sirivadhanabhakdi, ThaiBev’s president and chief executive, said the company is also considering importing Myanmar beer into Thailand, where many migrant workers from Myanmar live. F&N, which was taken over by ThaiBev, led by the Thai billionaire Charoen Sirivadhanabhakdi in a deal worth S$13.8 billion (Bt327bn) owns a stake in Myanmar Brewery Ltd. (Bangkok Post, 27/05/2013)

TRUE

True Corporation chosen to build Myanmar’s internet gateway — True Corporation is expanding its international internet footprint to Myanmar to serve rising online data use and the influx of foreign investors there. Supoj Mahapan, the general manager for international services, said True is spending Bt20mn to build international internet gateway (IIG) infrastructure in Myanmar. It also recently entered into a bilateral mobile roaming agreement with Myanmar Posts and Telecommunications. True is the first Thai telecom firm to enter Myanmar, said Mr. Supoj. (Bangkok Post, 25/05/2013)

Comment: Both co’s just demonstrate further evidence of Thai companies ability to expand into Myanmar.

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