ThaiBev continues to leverage on its dominant Thai domestic alcohol operations for strong cashflow support, as it pursues its regional expansion, namely in Vietnam and Myanmar.
SINGAPORE (June 10): DBS Equities Research continues to rate Thai Beverage (ThaiBev) at “buy” with an unchanged target price of 91 cents.
DBS recently took ThaiBev on a week-long non-deal roadshow to meet European investors, which saw the group reaffirmed its regionalisation strategy, instilling confidence in the research house that it is evolving into a leading regional beverage player in Southeast Asia.
