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ThaiBev’s dampened spirits

Gwyneth Yeo
Gwyneth Yeo11/21/2016 03:14 PM GMT+08  • 2 min read
ThaiBev’s dampened spirits
SINGAPORE (Nov 21): CIMB has maintained its “add” recommendation for Thai Beverage despite a rather disappointing result from 3QFY16.
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SINGAPORE (Nov 21): CIMB has maintained its “add” recommendation for Thai Beverage despite a rather disappointing result from 3QFY16.

CIMB’s analyst Jonathan Seow noted that spirits, the group’s largest business segment, recorded a 7.2% decline in sales, because agents had anticipated an alcohol tax hike and overstocked channels in 1HFY16.


(See: Thai Bev posts 7.4% fall in 9M earnings to $757 mil)

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