UOB Kay Hian analyst Lucas Teng remains upbeat on Thai Beverage (ThaiBev) despite a week that saw Thailand tighten Covid-19 restrictions.

He reiterates his ‘buy’ call for ThaiBev with an unchanged target price of 92 cents.

Teng’s bullishness is partly underpinned by ThaiBev’s continued ‘premiumisation’ of its product portfolio, which includes enhancing the bottling of Hong Thong brown spirits as well as introducing new beer variants such as the higher-priced Chang Cold Brew, the coffee-infused Chang Espresso, and Sabeco’s Bia Saigon Chill.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook