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Home / Issues / Brokers Calls

Maybank KE initiates coverage on ThaiBev with 'buy' rating, TP 95 cents

Broker's Calls

Maybank KE initiates coverage on ThaiBev with 'buy' rating, TP 95 cents

Jeffrey Tan Published on Thu, Apr 01, 2021 / 12:48 PM GMT+8

Maybank Kim Eng has become the latest brokerage to track Thai Beverage closely.

The brokerage has started coverage on the alcohol manufacturer with a “buy” rating and target price of 95 cents.

“We believe ThaiBev’s portfolio of top brands is well-poised to capture post-Covid-19 recovery, driven by easing restrictions of on-premises consumption,” Maybank KE analyst Kareen Chan writes in a March 28 report.