Thai Beverage Public Company (ThaiBev)

Stocks To Watch

Why we’re still cheering for Thai Beverage

There are optimistic indicators for the F&B conglomerate this year, based on the anticipated increases in consumer spending.
Analysts like ThaiBev’s prospects after Thai government approved tax cuts on alcoholic beverages - THE EDGE SINGAPORE

Broker's Calls

Analysts like ThaiBev’s prospects after Thai government approved tax cuts on alcoholic beverages

Analysts have kept their target price estimates, which range from 56 cents to 72 cents.

Results

ThaiBev reports FY2023 earnings of 27.43 bil baht, 9% lower y-o-y

The group has declared a final dividend of 0.45 baht per share, to be paid out on Feb 28, 2024.
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.
ThaiBev reports 1.2% dip in 1HFY2023 earnings of $634.7 mil - THE EDGE SINGAPORE

Results

ThaiBev reports 1.2% dip in 1HFY2023 earnings of $634.7 mil

An interim dividend of THB0.15 per share has been declared for the period, unchanged from last year.

Broker's Calls

ThaiBev remains 'attractively priced'; to benefit from 'on track' tourism recovery in Thailand: UOBKH

UOBKH has lowered its TP to 78 cents due to lower market valuations for its Frasers Property and F&N stakes and a stronger SGD.

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.
ThaiBev reports 7.7% y-o-y decline in 1QFY2023 ebitda of $534.0 mil - THE EDGE SINGAPORE

Results

ThaiBev reports 7.7% y-o-y decline in 1QFY2023 ebitda of $534.0 mil

During the quarter, ThaiBev’s sales revenue increased by 4.9% y-o-y to 80.90 billion baht as all segments registered growth.
ThaiBev: New reasons to cheer one of Asean's 'MVP' F&B stocks - THE EDGE SINGAPORE

Stocks To Watch

ThaiBev: New reasons to cheer one of Asean's 'MVP' F&B stocks

With Covid-19 restrictions being lifted in Thailand and around the world, there are new reasons to continue cheering for ThaiBev.

Broker's Calls

DBS re-initiates 'buy' on ThaiBev, calling it one of the 'most valuable' large-cap Asean F&B counters

“We project [ThaiBev’s] upcoming 2HFY2022/FY2022 net profit to show [around] 4%/9% y-o-y growth," says DBS's Andy Sim.
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