babyoiy Posted October 27, 2008 Report Share Posted October 27, 2008 What do you think about ThaiBev listing in Stock Market? Once again that there are protesters from Anti-Alcohol Group against ThaiBev to be listed in the Stock Exchange of Thailand "SET". (ThaiBev is listed on Singapore Exchange Securities Trading Limited ?SGX-ST? sinceyear 2006.) I know that Alcohol is not only prohibited in religion ways but it's actually damage people's health and cause various problems to the community. What do you think? Did it happen a lot? Pls share your opinion with me, I need to read some valued stuff, I'm afraid that my brain started shrinking lately. Ps: Yep, I kinda missing my (ex)team when I heard about ThaiBev to be listed on SET. Link to comment Share on other sites More sharing options...
English_Bob Posted October 27, 2008 Report Share Posted October 27, 2008 I know that Alcohol is not only prohibited in religion ways but it's actually damage people's health and cause various problems to the community. What do you think? Did it happen a lot? Yes, it's true that alcohol is banned by some religions. But it doesn't stop MOST Thais drinking it. And it's also true that it causes problems for some people. But not for MOST people. Listing Thaibev on the stock market won't increase the number of drinkers in Thailand... why would it? Do you think people will check the stock market in the morning and think, "Oh no! Thaibev is down three points... I'd better get drunk tonight!"? It's just another example of religious leaders enforcing their beliefs on other people. Whatever happened to Thailand, Land of the Free? Link to comment Share on other sites More sharing options...
babyoiy Posted October 27, 2008 Author Report Share Posted October 27, 2008 It's just another example of religious leaders enforcing their beliefs on other people. :twisted: Link to comment Share on other sites More sharing options...
sunsnow Posted October 27, 2008 Report Share Posted October 27, 2008 Dear OP, I do not personally either see what the listing of ThaiBev to SET has to do with alcohol drinking and their opposition against it. Is their reasoning that by preventing them to list here, would block the company from getting extra funding that it would (or might) use to expand it's business which includes soft drinks and alcohol? Could you please provide information, if you know, why they are actually against the listing? What is their reasoning? Can't be only religious because SET or not, ThaiBev still will produce alcohol. If it gets lets say funding by listing, it can add capacity maybe to produce soft drinks and beer. But it has nothing to do with increasing sales per se, as there is other means to discourage population in general from drinkin'. Those means are bans on advertisements, regulations of advertisement, availability of alcohol in different places and times and education of population and most common, alcohol taxes. And to touch the religion reasoning, that is ofcourse shared with lets say bans on alcohol at times in USA and Finland for example, religious reasoning combined with the "sober movements". I do have hard time seeing the correlation with giving ThaiBev channel for extra funding and the growth of Thai populace consumption of alcohol in near future. The company is not only producer. And this is the first time ever I see this kind of method to try to stop consumption growth, as sure as heck, this cant have nothing to do with consuption LOWERING. AND must remember this is only ADVOCACY group, not governmental organization. So, I hope ThaiBev gets its listing where it should it have, in Thailand. Very silly that they are not listed in Thailand...so nutty actually. (good question btw, I have read about this ThaiBev long time before and heard about this kind of thing that they have been succesfully prevented to list here before by anti-alcohol lobbyists) Link to comment Share on other sites More sharing options...
babyoiy Posted October 27, 2008 Author Report Share Posted October 27, 2008 ThaiBev did apply to be public traded on SET once in year 2005 but failed due to there was the protests led by Maj.Gen Chamlong Srimueang, they raised the issue that Thailand is a Buddhist country. (Man! this guy is the King of protest! Sorry for those who agreed with him but I never!) The protests still saying the same this time, just without Chamlong as he's busy with the PAD now. I don't know in detail about its last failure, I don't know if there is anything behind the scene that I missed. If I was already worked with Citi and with my team then I would know more about it. http://enews.mcot.net/view.php?id=6928&t=1 Well, I never stated clearly that I'm against ThaiBev to be listed or not. I'm not! Link to comment Share on other sites More sharing options...
sunsnow Posted October 27, 2008 Report Share Posted October 27, 2008 Ah, 2005. ok. Whaat, same dude as now hassling with the PAD issue. Seems these Thai military generals can't do what they are supposed to do. Guard the borders. :-( Anyhow, I do not see their reasoning between SET, ThaiBev, Buddhist and alcohol. Shouldnt they be trying to instead try to force ThaiBev close ALL its alcohol production facilities, and all other manufacturers too, then their campaign would make more sense honestly. Now, like PAD campaign, makes no sense. Also religion and state should be seperated is my opinion. And in that case that religion reason makes even less sense as they are as said, not trying to ban whole production but just funding, which would not be the way if they were moving with religious reasons. Compare this to other religious examples to ban alcohol, like some Islamic countries with Islamic law in place that ban alcohol TOTALLY. That I understand much more than this campaing. So hypocritical to draw this buddhism card to the table in the first place as Thailand is one of the worlds biggest countries of alcohol consumption, gun violence and prostitution and bribery, all which are against buddhist beliefs... Alcohol consumption limitation methods I am ok with, but this just makes no sense. Link to comment Share on other sites More sharing options...
Stramash Posted October 27, 2008 Report Share Posted October 27, 2008 trypanosomiasis. should this word not be in the pronounciation thread?? Link to comment Share on other sites More sharing options...
babyoiy Posted October 28, 2008 Author Report Share Posted October 28, 2008 I'm sure listing or not listing won't increase nor decrease the sales but if let ThaiBev listing on SET is like fully support it to grow more. Maybe that's what Anti-Alcohol group saying. For myself, it's good if we look at things in business way but some people/groups care about something else more. I used to wonder why Boonrawd isn't listing, probaby, it doesn't want to deal with this crap. ps: Im just trying to understand the protests even though I'm not agree with them. Link to comment Share on other sites More sharing options...
beej Posted October 28, 2008 Report Share Posted October 28, 2008 Any tobacco groups listed on the SET? Link to comment Share on other sites More sharing options...
tonyP Posted October 28, 2008 Report Share Posted October 28, 2008 ThaiBev did apply to be public traded on SET once in year 2005 but failed due to there was the protests led by Maj.Gen Chamlong Srimueang, they raised the issue that Thailand is a Buddhist country. (Man! this guy is the King of protest! Sorry for those who agreed with him but I never!) The protests still saying the same this time, just without Chamlong as he's busy with the PAD now. Does this guy work from a checklist: How many avenues of foreign investment can I harm before the end of 2008: 1. Tousism - DONE 2. Publicly listing Thai companies encouraging foreign ivestment and subsequent growth - DONE What's next? Link to comment Share on other sites More sharing options...
babyoiy Posted October 28, 2008 Author Report Share Posted October 28, 2008 Thailand Tobacco Monopoly is a stated owned (Ministry of Finance) and I only know one Thai cigarette manufacturer. I don't smoke so I dont get a chance to look at the cigarette box a lot if there are any ciggarette company than Thailand Tobacco. PS: Ithink I heard from the news that there is a monk urging ThaiBev to stop to be on SET. :roll: Link to comment Share on other sites More sharing options...
scotne1 Posted October 28, 2008 Report Share Posted October 28, 2008 It is possible the "Gen" is friends with some people who own competing beverage companies and it may not be in his or his friends interest for another beverage company to grow in thailand. Link to comment Share on other sites More sharing options...
sunsnow Posted October 28, 2008 Report Share Posted October 28, 2008 I think that for some reason they really think, that letting ThaiBev list in SET risks the chances that Thais drink even more. So, what this would mean is that, Babyoiy, you are the one who currently seem to have best access to financial information, is there studies that ThaiBev which got in 2005 funds from listing outside Thailand, that ThaiBev increased production and made Thais drink more. (Yea, like no other forces would do it, like uh, say other companies...) Anyhow, the campaign should be able to back up their claims that ThaiBev gets more money = Thais will drink more because ThaiBev already got money in 2005 so have this campaign investigated anything...well, I doubt. Anyhow, here is fun link: http://absolutelybangkok.com/the-beer-democracy-metaphor/ "Let?s close this post with the Nation Weblog?s FelixQui: ?The efforts of Chamlong Srimuang?s Santi Asoke radicals to ban the listing of legal Thai companies producing legal products from listing on the Stock Exchange of Thailand is prefectly consistent with his current insurrection against Thai democracy.? ?Chamlong,? FelixQui goes on, ?seeks to dictate how everyone else should behave, speak, think and live their lives. He has been as consistently opposed to freedom of expression, freedom of choice, liberty and self-determination as he is opposed to democracy and free speech on political issues of substantial public concern to Thai citizens.? Link to comment Share on other sites More sharing options...
babyoiy Posted October 28, 2008 Author Report Share Posted October 28, 2008 Thanks for the link! There you go, Chamlong get himself too much busy with all protests which going on in Thailand. I wish I know some inside info but I don't.. And it's not easy to find much detail.. I dont have enough info to analyze thing myself.. Link to comment Share on other sites More sharing options...
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