Thai Bev

Thai Bev: is up 2.4% at $0.645 on firm volume, is a beneficiary of FNN's $3.28 cash distribution to shareholders, given its 29% stake in FNN. This should alleviate investor concerns regarding Thai Bev's relatively high 117% net gearing. An added catalyst as highlighted by CIMB, would be for TCC/Thai Bev to reveal its strategy for FNN.