Chang beer

SINGAPORE (June 10): DBS Equities Research continues to rate Thai Beverage (ThaiBev) at “buy” with an unchanged target price of 91 cents.

SINGAPORE (July 3): The worst is over for Thai Beverage in view of a marked recovery in Thailand’s beer consumption data, says RHB Research, which has maintained its "buy" rating on the counter with a $1.10 price target estimate.

SINGAPORE (Feb 16): CIMB is maintaining its “add” recommendation for Thai Beverage as demand for its key product lines appear to be seeing improvement.

SINGAPORE (Jan 4): Thai Beverage’s Chang beer is on track to becoming the No. 1 brand in Thailand by 2020 with a market share of above 45%, predicts CIMB.

(Oct 17): Here's an anomaly: The third-largest company in the world's biggest Buddhist-majority country is ThaiBev, which makes its money selling rum and beer to a population whose religious texts exhort them to abstain from alcohol.

SINGAPORE (Sept 5): CIMB is maintaining its “add” recommendation for Thai Beverage and raising its target price to $1.14 from 92 cents after the group’s rebranding exercise for Chang beer last August successfully boosted the group’s overall earnin

SINGAPORE (Aug 11): Thai Beverage, one of the best-performing component stocks of the Straits Times Index this year, will be rewarding shareholders with dividends of THB0.20 per share after it announced a strong set of 1H16 results on Thursday night.