Despite the earnings drop, ThaiBev is keeping its interim dividend at THB0.15 per share, which, from the perspective of Chee Zheng Feng and Andy Sim of DBS Group Research, is a signal of the company’s confidence.
Analysts have turned less optimistic on Thai Beverage (SGX:Y92
) after reporting its 1HFY2025 ended March earnings, which came in lower than expected for some.
In 1HFY2025, ThaiBev reported revenue of THB177.6 billion ($7 billion), up 1% y-o-y, but earnings dipped 3.2% y-o-y to THB14.7 billion due to softer spirits sales.
