This is a stark turnaround from the 17% y-o-y decline registered in Oct 2016, immediately after the passing of Thailand’s late King Bhumibol.
SINGAPORE (July 3): The worst is over for Thai Beverage in view of a marked recovery in Thailand’s beer consumption data, says RHB Research, which has maintained its "buy" rating on the counter with a $1.10 price target estimate.
In a Monday report, analyst Juliana Cai highlights a 5% and 10% y-o-y growth in Thailand’s beer sales for April and May this year, respectively, based on the latest statistics released by the Bank of Thailand.
