Breakingviews - Tesco leaves Asia with a full cart [Reuters]
TESCO PLC S/ADR (TSCDY)
NASDAQ:AMEX Investor Relations:
tescoplc.com/investors
Company Research
Source: Reuters
Breakingviews - Tesco leaves Asia with a full cart HONG KONG (Reuters Breakingviews) - Tesco is heading to the checkout lane in southeast Asia at the right time. Britain’s biggest grocer says it is considering a sale of its businesses in Thailand and Malaysia. Thai peer Central Retail’s rich 2020 listing, plus interest from local heavyweights like CP Group, make it a good time to exit before regional economies cool further. If Tesco can reap a $9 billion valuation, as a Wall Street Journal report suggests, incoming boss Ken Murphy has reason to cheer. Despite a much-vaunted expanding middle class, Asia has repeatedly frustrated international supermarket giants. France’s Carrefour and Casino have already retreated; $30 billion Tesco left Japan in 2012 and South Korea in 2015. That left it with Southeast Asian assets, the vast majority in Thailand. This sale is unlikely to be a repeat of Tesco’s Korean exit, which ended with Asia’s largest-ever leveraged buyout. Local idiosyncrasies mea
Show less
Read more
Impact Snapshot
Event Time:
TSCDY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
TSCDY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
TSCDY alerts
High impacting TESCO PLC S/ADR news events
Weekly update
A roundup of the hottest topics
TSCDY
News
- Aldi And Lidl Just Can’t Stop Expanding Amid Cost Of Living Squeeze [Forbes]Forbes
- Price of Christmas dinner jumps to outstrip food inflation [Yahoo! Finance]Yahoo! Finance
- Mince pie prices jump by 40pc in Christmas shopping blow [Yahoo! Finance]Yahoo! Finance
- Shameless supermarkets are ripping off retirees – and getting away with it [Yahoo! Finance]Yahoo! Finance
- UK Meat Wholesaling Market Research Report (2014-2029): Challenging Conditions and Lower Meat Consumption Weigh on Market Growth [Yahoo! Finance]Yahoo! Finance