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”.