In terms of partnership, ThaiBev is looking out for strategic fit, valuation and culture fit, the analysts say. They note that the company is aiming for early to mid-2025, when market conditions are expected to improve on lower interest rates and US presidential election uncertainty is resolved.
Analysts at UOB Kay Hian (UOBKH) and DBS Group Research are keeping “buy” on Thai Beverage (SGX:Y92
) (ThaiBev) following the company’s recently held annual information meeting and analyst meeting.
In their June 23 report, DBS analysts highlight that the long-awaited BeerCo IPO remains part of ThaiBev’s strategic value unlocking agenda, as the company actively explores multiple options to maximise value for shareholders. One such option includes an equity partnering with a global brewer.
