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Why tax hikes are unlikely to dampen ThaiBev's spirits

Michelle Zhu
Michelle Zhu9/19/2017 10:49 AM GMT+08  • 2 min read
Why tax hikes are unlikely to dampen ThaiBev's spirits
SINGAPORE (Sept 19): OCBC is maintaining its “buy” call on Thai Beverage with a fair value estimate of $1.01 given the stock’s long-term growth prospects.
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SINGAPORE (Sept 19): OCBC is maintaining its “buy” call on Thai Beverage with a fair value estimate of $1.01 given the stock’s long-term growth prospects.

This is despite the implementation of Thailand’s new excise tax law, which was announced recently with immediate effect as part of the nation’s effort to make tax collection more transparent.

Government officials expect a “moderate” rise in prices for alcoholic beverages and sugary drinks with tax for beer expected to rise by about THB0.50 per can and THB2.66 per bottle.

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