"We are positive on Thai Beverage for its strong market leadership position and longer-term prospects in Thailand and Vietnam, even though we are turning more cautious on our earnings forecast," says Yeo, who has kept his "buy" call, but with a reduced target price of 56 cents from 62 cents previously.
Alfie Yeo of RHB Singapore remains positive that the broader economy in Thailand is still supportive of earnings growth at Thai Beverage.
However, with softer 1HFY2026 earnings reported recently, he has turned more cautious and has trimmed his earnings forecast for this stock and therefore, resulting in a lowered target price.
