Analysis of beer market in China (on Russian)
Beer market of Ukraine: big three losing weightIn 2016, fast increase of excises and resulting price spike stood in the way of the beer market stabilization. Most of competition (as well as mass sorts) moved to the economy segment of the market. The biggest losses were incurred by the leading three, especially Obolon, which again experienced pressure after reallocation of Efes market share. However, one should already speak of TOP-4. Group Oasis CIS (PPB) became a strong player and competitor to transnational companies. Besides the net sales of many regional medium breweries look rather good and 16-fold cost reduction wholesale trade license for craft brewers opens up a possibility of rapid growth in 2017.
Analysis of beer market in China
China’s transition to a “new normal” reality backfired on the brewing industry unexpectedly. Stagnation and subsequent market decline resulted from dynamic social and economic changes. There has emerged a “two speed” market where the medium class significance is growing, yet the share of main beer consumers, “blue collar” is decreasing. Also the inflow of consumers is shrinking, as demographics stopped being a growth driver. Finally, beer is giving way to other alcohol drinks....
India. United Breweries down over 2% on Vijay Mallya exit talks
Mallya-led UB Group is already being probed by Sebi for suspected violation of various securities markets regulations including about disclosure and related party transactions, while a 'wilful defaulter' tag has made it difficult for the beleaguered businessman to continue on boards of listed firms.
The shares of United Breweries Ltd, where the UB Group no more has majority stake but remains a co-promoter along with global giant Heineken group, slumped 2.11% to settle at Rs 745.35 on BSE.
Intra-day, it slipped as much as 2.67% to Rs 741, as market was rife with speculation that a board meeting could be held soon where Mallya would be asked to leave.
On NSE, it fell by 2.44% to close at Rs 743.45.
Mallya, who is said to be in London while arrest warrants have been issued for him back home, is said to have attended the last board meeting of the company through video- conferencing after which some directors of the company said they have full faith in him.
This may not have gone well with the regulator and other enforcement agencies, as rules do not allow a person classified by banks as a 'wilful defaulter' under RBI norms to continue on the board of any listed company.
Surprisingly, shares of another listed company of UB Group, United Breweries (Holdings) Ltd, rose by 4.46% to Rs 22.25 on BSE, even as the company today disclosed an attachment notice issued by Enforcement Directorate and said it is seeking legal advice to take appropriate steps.
Various listed firms of the Group have in the past been found to have violated listing and disclosure regulations of Sebi, while the regulator is also probing the group for other violations including for related party transactions and alleged diversion of funds for undue benefit to the promoters.
Besides, the Sebi norms do not permit wilful defaulters to hold board positions at listed companies.
Mallya recently resigned as Chairman and Director of United Spirits, after striking a sweetheart deal with Diageo, the new contolling owner of the erstwhile flagship company of his group.
17 Jun. 2016