Thai Beverage (ThaiBev)

Broker's Calls

Consumer staples to recover after harrowing second quarter, say DBS analysts

SINGAPORE (10 June): ASEAN consumer staple markets have been hard hit by the Covid-19 pandemic so far, with analysts expecting 2Q20 to be a particularly difficult time for investors.

Broker's Calls

Retail REITs, retail and transport stocks poised to benefit from circuit breaker exit: DBS

SINGAPORE (June 1): As Singapore begins to ease the circuit breaker (CB) measures starting with Phase 1 on June 2, several stocks and real estate investment trusts (REITs) could emerge as beneficia

Broker's Calls

Analysts mixed on ThaiBev after weak 2Q results

SINGAPORE (May 18): Thai Beverage’s (ThaiBev) weak 2QFY20 results ended March 31 may have led analysts to downgrade the stock.

Broker's Calls

DBS cheers to ThaiBev as it brings cheer during gloomy days

SINGAPORE (May 15): DBS Group Research lead analyst Andy Sim is keeping his “buy” call on Thai Beverage (ThaiBev) with a target price of 90 cents from $1.04 previously.

Results

ThaiBev posts 14.5% drop in 2Q earnings to $221 mil

SINGAPORE (May 14): Thai Beverage announced 2Q20 earnings of 5.0 billion Baht ($221 million), a 14.5% drop from 5.8 billion Baht in 2Q19.

Broker's Calls

CGS-CIMB downgrades ThaiBev to 'hold' as earnings, revenue will be hit by restrictive measures

SINGAPORE (April 20): CGS-CIMB Research has downgraded Thai Beverage (ThaiBev) to a “hold” rating with a lower target price of 70 cents from 90 cents previously.

Broker's Calls

The absence of Songkran cheer may have 'limited' impact on ThaiBev: RHB

SINGAPORE (April 16): The postponement of the Songkran festival, a popular Thai national holiday, including the ban of alcohol sales, are expected to hit the sales of Thai Beverage’s (ThaiBev) alco

Investing ideas

ThaiBev could fizzle out amid coronavirus outbreak, stiffer drunk driving penalties, but analysts unfazed

SINGAPORE (Feb 17): Following a positive set of results in 1QFY20 ended Dec 31, the outbreak of the novel coronavirus (Covid-19) could very well take the fizz out of Thai Beverage’s (ThaiBev) perfo

Results

ThaiBev posts 14% rise in 1Q earnings on higher revenue

SINGAPORE (Feb 14): Thai Beverage (ThaiBev) has achieved a positive set of results for the first quarter ended Dec 31, 2019, following changes in accounting rules and a reshuffling of some its beve

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