To recap, ThaiBev’s results for the 2Q18 ended March have improved sequentially, held up by a recovery in spirit volumes sold in Thailand as well as acquisitions in the spirits and food segments.
SINGAPORE (May 17): The Fifa World Cup competition is expected to boost on-trade sales and consumption of Thai Beverage’s beers, not only in the kingdom but also in Vietnam, say analysts.
“We expect the World Cup event happening in June and July to stimulate on-trade consumption,” says RHB Securities while CGS-CIMB Securities says it is hopeful that World Cup festivities could catalyse beer sales in 3Q18.
