ThaiBev’s beer biz is reason for cheer

SINGAPORE (Aug 12): OCBC Research is sticking to its “hold” call on Thai Beverage PLC (ThaiBev), cheered by continuing growth of its beer business which has maintained market share at 40% level.

“We understand that its key competitor engaged in price discounting since May, while Chang has been pricing up slightly such that price parity between their products has been reached near the end of Jun onwards,” says lead analyst Jodie Foo in a Friday report.

Foo says ThaiBev’s key competitor have been engaged in price discounting since May, while Chang has been pricing up slightly such that price parity between their products has been reached near the end of June onwards.

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