Thai Bev

While the beer segment is losing some fizzle, the spirits business is seen to have more room to do better

Revenue for 9MFY2023 was up 3.8% y-o-y but Ebitda was down 3.4%

In addition, consumer confidence for May has reached the highest level since the pandemic

ThaiBev shares have declined by around a-fifth year to date

"We continue to like THBEV as a proxy to Thailand’s economic recovery and improving consumer sentiment," says CGS-CIMB

The company expects cost of raw materials, specifically molasses, to decrease in the coming quarters.

(Dec 10): Brewing groups including ThaiBeverage, Anheuser-Busch InBev and Kirin Holdings are gearing up to bid for a stake in Vietnam's largest brewer, Sabeco, people familiar with the matter said, with the US$5 billion ($6.76 billion) sale process by

SINGAPORE (Aug 17): UOB Kay Hian has upgraded its FTSE Straits Times Index (FSSTI) target forecasts up to 3,410 from 3,250 previously on “pockets of solid outperformances”  in the 2Q17 financial reporting season, which concluded this week.  

SINGAPORE (June 13): OCBC Investment is maintaining its “neutral” rating on Singapore’s consumer sector given a lack of broad-based improvement for the retail scene, as well as the continued expansion and growth of e-commerce players.

SINGAPORE (Nov 11): Donald Trump’s notorious US presidential win on Wednesday will surely raise volatility for Singapore’s equities, says DBS Vickers Securities.