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ThaiBev raised to 'buy' by UOB on pickup in consumer confidence and management reshuffling

PC Lee
PC Lee10/4/2018 10:39 AM GMT+08  • 2 min read
ThaiBev raised to 'buy' by UOB on pickup in consumer confidence and management reshuffling
SINGAPORE (Oct 4): UOB KayHian is upgrading Thai Beverage to “buy” on signs alcohol consumption may be gradually recovering after data showed a pick-up in consumer confidence levels to a five-year high.
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SINGAPORE (Oct 4): UOB KayHian is upgrading Thai Beverage to “buy” on signs alcohol consumption may be gradually recovering after data showed a pick-up in consumer confidence levels to a five-year high.

Meanwhile, ThaiBev has restructured its management positions to include designated roles to improve acquired businesses and gain synergies.

“Upgrade to ‘buy’ with SOTP-based target price of $0.84,” says lead analyst Lucas Teng in a Thursday report.

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