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ThaiBev: Much to cheer about with spin-off still very much in its plans

Jovi Ho
Jovi Ho1/27/2022 8:1 PM GMT+08  • 3 min read
ThaiBev: Much to cheer about with spin-off still very much in its plans
"Economic recovery may be more material only in 2H2022."
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A return to form is still underway for both Thai Beverage (ThaiBev) and a pandemic-weary world. While a gradual recovery predicted is still some time away, the consumer non-cyclical sector ThaiBev inhabits is relatively resilient.

ThaiBev and its subsidiaries produce and distribute alcoholic and non-alcoholic beverages in Thailand and internationally. The company operates through four segments: spirits, beer, non-alcoholic beverages and food.

Last April, ThaiBev, one of the 30 component stocks of the Straits Times Index, pulled the plug on a proposed spin-off and listing of its beer business on the local exchange “in view of the current uncertain market conditions and volatile outlook, aggravated by the worsening Covid-19 pandemic in Thailand and other countries”.

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