Thai Beverage (ThaiBev) has continued to be a favourite among analysts following the beverage manufacturer’s positive 9MFY2021 results ended June 30.

On Aug 13, ThaiBev reported revenue grew 1.1% y-o-y to THB192.12 billion ($7.80 billion) and earnings before interest, tax, depreciation and amortisation (Ebitda) jumped 11.5% y-o-y to THB36.64 billion.

In a note dated Aug 16, Maybank Kim Eng has retained its “buy” rating for the stock with an unchanged target price of 99 cents.

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