With stronger tourist numbers for both Thai Bev's key markets of Thailand and Vietnam, the analysts believe that the company can enjoy 7% growth in beer sales volume in this current FY2025 ending September.
CGS International has kept its "add" call on Thai Beverage (SGX:Y92
) , along with a target price of 58 cents, on expectations that strong tourist arrivals will help drive sales volumes this year.
In addition, recent regulatory changes in Thailand, extending the hours in which alcohol can be sold, is another positive, state analysts Meghana Kande and Lim Siew Khee in their March 21 note.
