UOBKH’s Llelleythan Tan and Heidi Mo say that ThaiBev’s lower 1HFY2024 patmi of 15.2 billion baht ($550 million) a 5.6% y-o-y decline, was in line with their expectations. It formed about 50% of the analysts' full year forecasts.
Following Thai Beverage (SGX:Y92
) (ThaiBev)’s 2QFY2024 results ended March, analysts from UOB Kay Hian (UOBKH) and DBS Group Research have kept their “buy” calls on the beverage producer.
UOBKH has kept its target price unchanged at 70 cents, while DBS is keeping its target price under review.
