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.
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)