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Uplift in spirit volumes bodes well for Thaibev

PC Lee
PC Lee8/14/2017 10:45 AM GMT+08  • 2 min read
Uplift in spirit volumes bodes well for Thaibev
SINGAPORE (Aug 14): RHB is keeping its “buy” rating and $1.10 target price unchanged, noting that the group has maintained its market share in its key brands across all divisions despite a challenging market environment.
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SINGAPORE (Aug 14): RHB is keeping its “buy” rating and $1.10 target price unchanged, noting that the group has maintained its market share in its key brands across all divisions despite a challenging market environment.

See also: Thaibev reports doubling of 3Q earnings to $628 mil

After three quarters of declining volumes, spirit consumption in Thailand has finally made a turnaround in 3Q17 ended June, with a 4.3% y-o-y growth in volume and 4.5% y-o-y growth in revenue. Management attributed this to the low base of spirits sales in 3Q16.

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