Thai Beverage's latest acquisition keeps it on track to fulfil 'Vison 2020'

SINGAPORE (Oct 16): RHB is maintaining its “buy” call on Thai Beverage (ThaiBev) with a target price of $1.12.

This comes on the back of the group’s acquisition of a 75% stake in two Grand Royal spirits production facilities – Myanmar Supply Chain (MSC) and Myanmar Distillery (MDC) — for a total consideration of US$742 million ($1 billion).