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

Jeffrey Tan
Jeffrey Tan4/1/2021 12:48 PM GMT+08  • 2 min read
Maybank KE initiates coverage on ThaiBev with 'buy' rating, TP 95 cents
The potential listing of ThaiBev’s beer business is a near-term catalyst, says Maybank Kim Eng.
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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.

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