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Cheer from Budweiser Asia's listing could extend to ThaiBev via Sabeco: CGS-CIMB

Jeffrey Tan
Jeffrey Tan10/3/2019 01:20 PM GMT+08  • 2 min read
Cheer from Budweiser Asia's listing could extend to ThaiBev via Sabeco: CGS-CIMB
SINGAPORE (Oct 3): As investors toast to the successful listing of Budweiser Brewing Co APAC – the Asian operations of the world’s largest brewer, Anheuser-Busch InBev – the cheer could extend to locally-listed Thai Beverage too.
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SINGAPORE (Oct 3): As investors toast to the successful listing of Budweiser Brewing Co APAC – the Asian operations of the world’s largest brewer, Anheuser-Busch InBev – the cheer could extend to locally-listed Thai Beverage too.

Given that Budweiser Asia derives most of its sales revenue from markets such as Vietnam, ThaiBev-controlled Saigon Alcohol Beer and Beverages Corp (Sabeco) could be in good company.

CGS-CIMB Research estimates that Sabeco’s sales volume could surge 50% y-o-y in FY19.

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