ThaiBev operates in three key sectors: Alcoholic beverages, non-alcoholic beverages and other businesses. Brands within the group include popular Thai beer Chang Beer, 100Plus and drinks under Fraser & Neave (F&N). The group also boasts its line of spirits, featuring Old Pulteney single-malt scotch whisky and Hankey Bannister blended scotch whisky. The portfolio also includes rum, vodka, gin and Chinese wines.
Despite Thai Beverage (SGX:Y92
) ’s (ThaiBev) underwhelming performance in FY2023, which ended on Sept 30, 2023, there are optimistic indicators for the F&B conglomerate this year, based on the anticipated increases in consumer spending in Thailand, Vietnam and Indonesia.
On Nov 22, 2023, ThaiBev reported a 9% y-o-y drop in earnings of THB27 billion ($1.02 billion) for FY2023 despite its higher revenues of THB279 billion, 2% higher y-o-y. The lower earnings were attributed to the higher-than-expected marketing and raw materials costs.
