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ThaiBev gets a 'buy' from UOBKH as Thailand unveils plans to revive tourism

Amala Balakrishner
Amala Balakrishner4/1/2022 12:55 PM GMT+08  • 3 min read
ThaiBev gets a 'buy' from UOBKH as Thailand unveils plans to revive tourism
UOBKayHian is maintaining its “buy” call and target price of 90 cents on Thai Beverage.
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Thailand’s multi-stage plans to relax measures and revive its tourism sector has pushed UOB KayHian (UOBKH) to maintain its “buy” call and target price of 90 cents on Thai Beverage (ThaiBev).

This is expected to give the counter a 25.9% upside from its 71.5 cent price, analyst Llelleythan Tan writes in an Apr 1 note.

“We reckon ThaiBev remains attractively priced at -1 standard deviation to its five-year mean price-to-earnings, backed by an expected earnings recovery underpinned by favourable tailwinds,” he explains.

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