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Home / Capital / Brokers Calls

Analysts divided on ThaiBev after mixed 1Q results, BeerCo IPO plan

Broker's Calls

Analysts divided on ThaiBev after mixed 1Q results, BeerCo IPO plan

Jeffrey Tan Published on Mon, Feb 15, 2021 / 2:20 PM GMT+8

Analysts are divided on their recommendation for Thai Beverage (ThaiBev) following the beverage manufacturer’s mixed set of results for 1QFY2021 ended Dec 31 and the IPO plan of its beer business.

On Feb 11, ThaiBev reported y-o-y earnings growth of 1% to THB8.47 billion.

This, however, came on the back of lower revenue of THB71.79 billion, down 5% y-o-y.