Yet, if recent moves are an indication, there may be reasons for ThaiBev investors to raise their glasses to cheer.
Even in challenging times, people find a reason to reach for a drink. Whether it is an alcoholic or non-alcoholic beverage, it’s simply down to preference. This enduring demand has made the drinks industry a resilient sector and few companies exemplify this better than Thai Beverage (SGX:Y92
) (ThaiBev).
The company’s current share price is almost double that of its IPO price of 28 cents but the listing was way back in 2006 and investors could have easily made better returns elsewhere. Their patience has been tested particularly in the past year when ThaiBev shares are down 3.57% to 54 cents as at Jan 17, even when the broader market gained, as the market’s mopey over regulatory issues and the company’s growing costs.
