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....
Vietnam. Sabeco, Habeco to list before state divestment
Vietnam to list Sabeco, Habeco before state divestment; hasten exit from Vinamilk
Vietnam’s new Prime Minister has announced the intention to publicly list the country’s two largest brewers, Sabeco and Habeco, before the state divests its controlling stakes in these businesses, according to a government report.
The move will assure transparency, said the report, which added that there will be no distinction between domestic or international buyers as the state sells stake in the beverage majors.
However, the government portal also clarified that it will retain the local brands of Habeco and Sabeco, along with dairy product firm Vinamilk, the country’s largest company by market capitalization.
DEALSTREETASIA reported earlier that the Vietnamese industry and trade ministry had planned to list Sabeco on the Ho Chi Minh City Stock Exchange, after the decision to sell a 53 per cent stake in one tranche, to trim the holding to a minority of 36 per cent.
Nine local and foreign companies have reportedly expressed their interest in the stake, valued up to $1 billion, including Thai Beverage, Singha Corp, Asahi Breweries, SAB Miller and Sabeco’s existing shareholder Heineken.
For Habeco, in which the ministry has 82 per cent, the state is contemplating a reduction of stake to below 50 per cent.
The government portal also cited Prime Minister Nguyen Xuan Phuc as saying that Vietnam’s sovereign fund SCIC had to swiftly exit its holdings in 10 major businesses, including Vinamilk. “Although the state ownership in Vinamilk is less than 50 per cent (currently 45 per cent), it is still a great percentage,” Phuc reportedly said.
31 Aug. 2016