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ThaiBev kept at 'buy' by CGS-CIMB on improving domestic beer consumption

PC Lee
PC Lee6/14/2019 06:31 PM GMT+08  • 2 min read
ThaiBev kept at 'buy' by CGS-CIMB on improving domestic beer consumption
SINGAPORE (June 14): CGS-CIMB Research says Thai Beverage is one of its top picks among Singapore-listed consumer stocks, given the kingdom’s improving domestic beer consumption.
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SINGAPORE (June 14): CGS-CIMB Research says Thai Beverage is one of its top picks among Singapore-listed consumer stocks, given the kingdom’s improving domestic beer consumption.

CGS-CIMB also favours ThaiBev due to the strength in the Thai baht and also its valuation gap to other Thai-listed peers.

“We expect the share price to perform well when results deliver,” says CGS-CIMB which is maintaining ThaiBev at “buy”.

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