Thai Beverage Public Company (ThaiBev)

ThaiBev's FY2021 earnings rose by 8% despite a decline in revenue which was blamed on Covid

"We believe the current valuation has more than priced in near-term headwinds,” says CGS-CIMB analyst Ong Khang Chuen.

The board has declared an interim dividend of 0.15 baht per share for the 1HFY2021, payable on June 11.

This translated to unchanged earnings per share (EPS) of 0.34 baht for the quarter compared to the year before.

ThaiBev says it has been given the green light from SGX-ST through a no-objection letter.

Both brokerages say ThaiBev's FY2020 earnings and revenue came within and above expectations.

As at 9.02am, shares in ThaiBev are trading 0.5 cent higher or 0.8% up, at 61 cents.

For 9M20, EBITDA from normal operations, including F&N and FPL registered a 3.0% y-o-y decline to 35.16 billion baht.

SINGAPORE (Oct 18): DBS Group Research says Thai Beverage Public Company could see earnings fall some 5.8% in FY17 as Thailand declares a year-long mourning period following the passing of King Bhumibol Adulyadej.