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Deferment of BeerCo IPO may be opportunity to accumulate ThaiBev stocks: Maybank Kim Eng

Felicia Tan
Felicia Tan • 3 min read
Deferment of BeerCo IPO may be opportunity to accumulate ThaiBev stocks: Maybank Kim Eng
To Maybank's Chan, the deferment of BeerCo’s IPO is more likely due to a lower-than-expected valuation for the business.
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Maybank Kim Eng analyst Kareen Chan has kept her “buy” call on Thai Beverage (ThaiBev) with an unchanged target price of 95 cents just days after the group said that it would be deferring its listing of BeerCo on the Singapore Exchange (SGX).

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