Thai Beverage PLC (ThaiBev)

Following ThaiBev's FY2024 earnings, DBS, OCBC Investment Research, RHB Bank Singapore and PhillipCapital have target prices of 77 cents, 69 cents, 71 cents and 64 cents respectively.

At its current share price, ThaiBev’s valuations are undemanding at -1.5 s.d. versus its historical average P/E since its listing.

The analysts are recommending investors to load up in the company’s shares before its price increases.

A deal would have valued ThaiBev at US$5 billion ($6.73 billion) at least, based on the estimates given by Bloomberg’s sources.

See what the analysts have to say this week.

A representative for ThaiBev didn’t immediately respond to requests for comment.

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