Thai Beverage Public Co (ThaiBev)

F&B sector

Prospects of better FY2025 earnings inspire new ideas for 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.

Asean

Asean conglomerates may need Geneen’s spirit

The P/B valuations of the pure play companies like Thai Beverage are at a 10-year low, says contributor Nirgunan Tiruchelvam.

Results

ThaiBev reports higher revenue and ebitda for 9MFY2024

Shares in ThaiBev closed 0.5 cents higher or 1.01% up at 50 cents on Aug 8.
CGS-CIMB downgrades ThaiBev to ‘hold’ with lower TP of 50 cents - THE EDGE SINGAPORE

Broker's Calls

CGS-CIMB downgrades ThaiBev to ‘hold’ with lower TP of 50 cents due to disappointing beer sales

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

Company in the news

ThaiBev issues debentures with aggregate principal amount of THB22 bil

The proceeds will go towards repaying the group’s existing debts.
DBS lowers ThaiBev’s TP to 75 cents, says valuation is ‘unjustifiably low’ - THE EDGE SINGAPORE

Broker's Calls

DBS believes ThaiBev's valuation is ‘unjustifiably low’; trims target price on higher equity risk premium

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