CGS-CIMB Research analyst Ong Khang Chuen has kept “add” on Thai Beverage (ThaiBev) as he sees a recovery in consumption in sight due to the easing lockdown measures in Thailand and Vietnam.

Both countries have previously announced that they plan to reopen their economies in September in a bid to try to adapt to and live with Covid-19.

“As daily new cases in both countries show a downward trajectory, this could allow for further easing of restrictions and support consumption recovery, in our view,” writes Ong in a report dated Sept 21.

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