Analysts from CGS-CIMB Research and DBS Group Research are keeping their “add” and “buy” calls on Thai Beverage (SGX:Y92
) after the Thai government announced that it would reduce its domestic alcohol tax for a year on Jan 2. The move comes as the Thai government seeks to boost tourism and the economy.
Thai Beverage
Price targets:
CGS-CIMB Research ‘add’ 67 cents
DBS Group Research ‘buy’ 72 cents
Reduction in alcohol tax
