ThaiBev also highlighted several upside factors for BeerCo including seeing a “strong momentum” for BeerCo’s sales in Thailand in 2025 from stronger demand for key brands and higher demand for Chang Beer. BeerCo outperformed the industry in Thailand in 2024 under a “more supportive macro backdrop”. The Asean region is also tipped to be the fastest-growing beer market in the world.
Could Thai Beverage (SGX:Y92
) ’s much-anticipated Singapore initial public offering (IPO) for BeerCo materialise this year?
In a presentation deck posted on Jan 20, ThaiBev revealed that BeerCo reported a 12% y-o-y growth in its FY2024 earnings of $214 million compared to the 25% y-o-y drop in its FY2023 earnings of $191 million, reflecting better market conditions.
