ThaiBev saw its earnings fall 62% to THB2.91 billion ($122 million) in the 1Q ended December, mainly due to one-off expenses of THB2.35 billion related to acquisitions in this quarter and finance costs linked to the Sabeco acquisition.
SINGAPORE (Mar 5): OCBC Investment Research is keeping its “buy” call on Thai Beverage ahead of an anticipated recovery in consumption for the rest of FY18.
This comes despite ThaiBev’s 1Q18 results coming in below expectations, and an elevated gearing ratio following the group’s recent acquisition spree.
