Home Issues Stocks To Watch

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."
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

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”.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.