“We believe ThaiBev’s portfolio of top brands is well-poised to capture post-Covid-19 recovery, driven by easing restrictions of on-premises consumption,” Maybank KE analyst Kareen Chan writes in a March 28 report.
Maybank Kim Eng has become the latest brokerage to track Thai Beverage closely.
The brokerage has started coverage on the alcohol manufacturer with a “buy” rating and target price of 95 cents.
