Thai Beverage


Vietnam's tough new drunk-driving law is hurting beer sales

(Jan 21): Vietnam’s new get-tough-on-drunk-driving law is reining in one of the world’s fastest-growing beer markets.

Company in the news

ThaiBev rubbishes 'false' media reports that it is seeking to sell its business in Vietnam

SINGAPORE (Dec 19): Thai Beverage has clarified that claims in the media that it is seeking a buyer for its business in Vietnam is “false and without merit”.

In print this week

STI's storied past

SINGAPORE (Jan 25): Since its establishment as a trading post under the British East India Company, Singapore has flourished as a trade and financial services hub.

Broker's Calls

Overseas investors like Singapore banks and tech firm Venture: CGS-CIMB

SINGAPORE (June 11): CGS-CIMB Securities is reiterating a number of its top stock picks across various sectors following its recent marketing trip to Tokyo and Hong Kong.

ThaiBev's F&B buying spree could make it a dominant regional player

SINGAPORE (Jan 15): Thai Beverage’s recently released annual report — for FY2017 ended September — highlights the company’s growing regional presence.

Broker's Calls

Analysts crown ThaiBev with 'buy' on recovering consumer sentiment

SINGAPORE (Nov 27): Brokerages are unanimously positive on Thai Beverage (ThaiBev) after the F&B group last week reported a surge in FY17 earnings on the back of fair value gains by Singapore-b


Thaibev reports doubling of 3Q earnings to $628 mil

SINGAPORE (Aug 11): Thai Beverage reported a doubling of 3Q17 earnings to 15.3 billion baht ($627.6 million) from 5.9 billion baht.

Broker's Calls

Slowing consumption for ThaiBev only a temporary blip

SINGAPORE (June 29): DBS is reiterating its “buy” call on Thai Beverage with a target price of $1.07 on expectations slowing consumption in Thailand is only a temporary blip.

Broker's Calls

US missile attack on Syria a profit-taking excuse, says DBS

SINGAPORE (April 10): DBS is hoping that last week’s US missile attack on Syria is a one-off.

Broker's Calls

Thaibev started at ‘buy’ by UOB as spirits dominate market and beer sales improve

SINGAPORE (March 31): UOB KayHian is starting coverage on Thai Beverage at “buy” on attractive valuation at current levels with its FY17F PE of 20.4x being lower than its global peers.

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