“We maintain our ‘buy’ recommendation with an unchanged target price of $0.87,” says DBS lead analyst Andy Sim in a Friday report.
SINGAPORE (Feb 15): DBS Group Research says the worst should be over for Thai Beverage and that its strong 1Q19 results should provide confidence and a re-rating catalyst for the counter.
Further re-rating catalysts could come from improved contribution from Sabeco, gradual deleveraging of the group, as well as regionalisation efforts to be the leading beverage player in Asean.
