Thai Beverage Public Co (ThaiBev)

IPO

ThaiBev's beer subsidiary receives eligibility to list from SGX

The proposed spin off was revived on May 5

Results

ThaiBev reports 20% higher earnings of $285.4 mil for 2QFY2022

For the period, the group has declared an interim dividend of 0.15 baht, to be paid out on June 10.
Switch from leaders to laggards like ComfortDelGro, FCT, Genting Singapore, ART, CDLHT and ThaiBev: DBS - THE EDGE SINGAPORE

Broker's Calls

Switch from leaders to laggards like ComfortDelGro, FCT, Genting Singapore, ART, CDLHT and ThaiBev: DBS

The analysts estimate that the STI will be trading between support at 3,200 to 3,250 points with near-term resistance at 3,408.
ThaiBev seen as 'attractive and undervalued' Covid-19 recovery play with high potential upside: UOB Kay Hian - THE EDGE SINGAPORE

Broker's Calls

ThaiBev seen as 'attractive and undervalued' Covid-19 recovery play with high potential upside

UOBKH has upped its target price to 90 cents from 85 cents previously due to its higher FY2022 beer and food EBITDA estimates.

Broker's Calls

UOB Kay Hian lowers ThaiBev's target price to 85 cents on lower valuation for its beer segment

That said, the counter is seen as an undervalued and overlooked Covid-19 recovery play.

Environmental, Social and Governance

ThaiBev achieves best score in 2021 Dow Jones Sustainability Index

ThaiBev achieves the best score in the 2021 Dow Jones Sustainability Index for the fourth consecutive year
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