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Thai Beverage Public Company (ThaiBev)
Broker's Calls
PhillipCapital downgrades ThaiBev to 'accumulate' after seeing 'slow start' to FY2023
Despite the downgrade, Chew has kept his earnings for the FY2023 unchanged with the same TP of 80 cents.
February 15, 2023
Results
ThaiBev reports 7.7% y-o-y decline in 1QFY2023 ebitda of $534.0 mil
During the quarter, ThaiBev’s sales revenue increased by 4.9% y-o-y to 80.90 billion baht as all segments registered growth.
February 10, 2023
Stocks To Watch
ThaiBev: New reasons to cheer one of Asean's 'MVP' F&B stocks
With Covid-19 restrictions being lifted in Thailand and around the world, there are new reasons to continue cheering for ThaiBev.
January 17, 2023
Broker's Calls
DBS re-initiates 'buy' on ThaiBev, calling it one of the 'most valuable' large-cap Asean F&B counters
“We project [ThaiBev’s] upcoming 2HFY2022/FY2022 net profit to show [around] 4%/9% y-o-y growth," says DBS's Andy Sim.
November 18, 2022
Deals, joint ventures & alliances
Frasers Property and ThaiBev subsidiaries enter into JV to collaborate in the advancement of tech and digitalisation
The JVCo is said to explore a potential share subscription of $84.27 million for a 50% stake in BetterBe Marketplace.
August 16, 2022
Results
ThaiBev reports 8.2% growth in 9MFY2022 sales revenue of $8.06 bil
EBITDA for the 9MFY2022 rose 6.7% y-o-y to 39.11 billion baht.
August 11, 2022
Results
ThaiBev reports 20% higher earnings of $285.4 mil for 2QFY2022
For the period, the group has declared an interim dividend of 0.15 baht, to be paid out on June 10.
May 13, 2022
Broker's Calls
Broker's digest: MNACT, KREIT, Centurion Corp, Singtel, ThaiBev
See the analysts' recommendations and target prices here.
December 02, 2021
Broker's Calls
Analysts mixed on ThaiBev's prospects after FY21 results
The analysts have estimated a target price range of 76.5 cents to 92 cents for the counter.
November 29, 2021