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ThaiBev kept at 'buy' ahead of consumption recovery

Samantha Chiew
Samantha Chiew3/5/2018 04:01 PM GMT+08  • 2 min read
ThaiBev kept at 'buy' ahead of consumption recovery
SINGAPORE (Mar 5): OCBC Investment Research is keeping its “buy” call on Thai Beverage ahead of an anticipated recovery in consumption for the rest of FY18.
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SINGAPORE (Mar 5): OCBC Investment Research is keeping its “buy” call on Thai Beverage ahead of an anticipated recovery in consumption for the rest of FY18.

This comes despite ThaiBev’s 1Q18 results coming in below expectations, and an elevated gearing ratio following the group’s recent acquisition spree.

ThaiBev saw its earnings fall 62% to THB2.91 billion ($122 million) in the 1Q ended December, mainly due to one-off expenses of THB2.35 billion related to acquisitions in this quarter and finance costs linked to the Sabeco acquisition.

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