For the three months ended Dec 31, 2022, ThaiBev recorded higher sales of THB 81 billion ($3.18 billion) and ebtida of THB 13.5 billion, up 4.9% and down 7.7% y-o-y respectively.
Thai Beverage (ThaiBev) (SGX:Y92
) , in line with the reopening, has recorded higher revenue for 1QFY2023 ended December 2022. However, margins in the same period was slightly compressed because of higher marketing and material costs.
With better prospects ahead with further consumption with the pandemic easing, DBS Group Research and CGS-CIMB Research have both kept their positive stance on the alcohol seller, as they await “happier hours ahead”.
