Thai Beverage Public Company (ThaiBev)

ThaiBev shares see high trading volumes after results; analysts keep ‘buy’ calls and TPs - THE EDGE SINGAPORE

Broker's Calls

ThaiBev shares see high trading volumes after results; analysts keep ‘buy’ calls and TPs

Thai Beverage (ThaiBev) was the most heavily traded counter on Nov 22 with some 31.36 million shares changed hands as at 11.31am.
DBS sees potential IPO of ‘F&B Co’ after series of corporate actions - THE EDGE SINGAPORE

Broker's Calls

DBS sees potential IPO of ThaiBev's ‘F&B Co’ after series of corporate actions

Analysts Chee Zheng Feng and Andy Sim have kept their "buy" call with a higher target price of 77 cents.

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.

Stocks To Watch

Why we’re still cheering for Thai Beverage

There are optimistic indicators for the F&B conglomerate this year, based on the anticipated increases in consumer spending.
Analysts like ThaiBev’s prospects after Thai government approved tax cuts on alcoholic beverages - THE EDGE SINGAPORE

Broker's Calls

Analysts like ThaiBev’s prospects after Thai government approved tax cuts on alcoholic beverages

Analysts have kept their target price estimates, which range from 56 cents to 72 cents.

Results

ThaiBev reports FY2023 earnings of 27.43 bil baht, 9% lower y-o-y

The group has declared a final dividend of 0.45 baht per share, to be paid out on Feb 28, 2024.
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.
ThaiBev reports 1.2% dip in 1HFY2023 earnings of $634.7 mil - THE EDGE SINGAPORE

Results

ThaiBev reports 1.2% dip in 1HFY2023 earnings of $634.7 mil

An interim dividend of THB0.15 per share has been declared for the period, unchanged from last year.

Broker's Calls

ThaiBev remains 'attractively priced'; to benefit from 'on track' tourism recovery in Thailand: UOBKH

UOBKH has lowered its TP to 78 cents due to lower market valuations for its Frasers Property and F&N stakes and a stronger SGD.
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