Thai Beverage Public Co (ThaiBev)

CGS-CIMB downgrades ThaiBev to ‘hold’ with lower TP of 50 cents - THE EDGE SINGAPORE

Broker's Calls

CGS-CIMB downgrades ThaiBev to ‘hold’ with lower TP of 50 cents due to disappointing beer sales

At its current share price, ThaiBev’s valuations are undemanding at -1.5 s.d. versus its historical average P/E since its listing.

Company in the news

ThaiBev issues debentures with aggregate principal amount of THB22 bil

The proceeds will go towards repaying the group’s existing debts.
DBS lowers ThaiBev’s TP to 75 cents, says valuation is ‘unjustifiably low’ - THE EDGE SINGAPORE

Broker's Calls

DBS believes ThaiBev's valuation is ‘unjustifiably low’; trims target price on higher equity risk premium

The analysts are recommending investors to load up in the company’s shares before its price increases.

Broker's Calls

PhillipCapital downgrades ThaiBev to 'accumulate' after seeing 'slow start' to FY2023

Despite the downgrade, Chew has kept his earnings for the FY2023 unchanged with the same TP of 80 cents.

Company in the news

ThaiBev reports fire incident at subsidiary's production facility in Yangon

According to ThaiBev, the fire occurred in the afternoon on Jan 13 and it was “successfully put out” in the early hours of Jan 14.

Company in the news

ThaiBev enters into four-year 10 bil baht loan agreement to repay existing debenture due March

The loan facility is not expected to have a material impact on ThaiBev’s financial results for this FY.

Broker's Calls

UOB Kay Hian adds ThaiBev and CDG to its alpha picks; removes BRC Asia and Frencken

The analysts from UOB Kay Hian believe CDG and ThaiBev will benefit from the demand recovery from the economic reopening.
ThaiBev, Kimly, Food Empire and Sheng Siong likely to be winners in rising inflation climate: RHB - THE EDGE SINGAPORE

Broker's Calls

ThaiBev, Kimly, Food Empire and Sheng Siong likely to be winners in rising inflation climate: RHB

The brokerage has kept its “overweight” call on the Singapore consumer stocks sector.
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