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Thai Beverage Public Company (ThaiBev)
Broker's Calls
Analysts like ThaiBev’s prospects after Thai government approved tax cuts on alcoholic beverages
Analysts have kept their target price estimates, which range from 56 cents to 72 cents.
January 03, 2024
Results
ThaiBev reports FY2023 earnings of 27.43 bil baht, 9% lower y-o-y
The group has declared a final dividend of 0.45 baht per share, to be paid out on Feb 28, 2024.
November 22, 2023
Broker's Calls
DBS believes ThaiBev's valuation is ‘unjustifiably low’; trims target price on higher equity risk premium
The analysts are recommending investors to load up in the company’s shares before its price increases.
November 20, 2023
Results
ThaiBev reports 1.2% dip in 1HFY2023 earnings of $634.7 mil
An interim dividend of THB0.15 per share has been declared for the period, unchanged from last year.
May 12, 2023
Broker's Calls
ThaiBev remains 'attractively priced'; to benefit from 'on track' tourism recovery in Thailand: UOBKH
UOBKH has lowered its TP to 78 cents due to lower market valuations for its Frasers Property and F&N stakes and a stronger SGD.
April 10, 2023
Broker's Calls
PhillipCapital downgrades ThaiBev to 'accumulate' after seeing 'slow start' to FY2023
Despite the downgrade, Chew has kept his earnings for the FY2023 unchanged with the same TP of 80 cents.
February 15, 2023
Results
ThaiBev reports 7.7% y-o-y decline in 1QFY2023 ebitda of $534.0 mil
During the quarter, ThaiBev’s sales revenue increased by 4.9% y-o-y to 80.90 billion baht as all segments registered growth.
February 10, 2023
Stocks To Watch
ThaiBev: New reasons to cheer one of Asean's 'MVP' F&B stocks
With Covid-19 restrictions being lifted in Thailand and around the world, there are new reasons to continue cheering for ThaiBev.
January 17, 2023
Broker's Calls
DBS re-initiates 'buy' on ThaiBev, calling it one of the 'most valuable' large-cap Asean F&B counters
“We project [ThaiBev’s] upcoming 2HFY2022/FY2022 net profit to show [around] 4%/9% y-o-y growth," says DBS's Andy Sim.
November 18, 2022
Deals, joint ventures & alliances
Frasers Property and ThaiBev subsidiaries enter into JV to collaborate in the advancement of tech and digitalisation
The JVCo is said to explore a potential share subscription of $84.27 million for a 50% stake in BetterBe Marketplace.
August 16, 2022