Thai Beverage (ThaiBev)

SINGAPORE (May 15): Thai Beverage reported a 3.2% fall in 2Q earnings to THB 6.3 billion ($263.5 million) from a year ago due to a decrease in attributable profit from its beer business and an increase in attributable loss from its non-alcoholic beverages

SINGAPORE (May 10): RHB Securities is resuming coverage of Thai Beverage with a “buy” and lower target price of $1.06, saying the stock is oversold despite slower-than-expected recovery in alcohol consumption in Thailand.

SINGAPORE (Mar 5): OCBC Investment Research is keeping its “buy” call on Thai Beverage ahead of an anticipated recovery in consumption for the rest of FY18.

SINGAPORE (Feb 28): Thai Beverage (ThaiBev) announced that its wholly-owned subsidiary, Thai Beverage Logistics, has acquired from a third party vendor 954,750 ordinary shares in Havi Logistics, representing about 75% stake for 240 million baht ($10.1 mil

SINGAPORE (Feb 22): Phillip Capital believes Thai Beverage (ThaiBev) will overcome near term pressures as its newly-acquired businesses fuel growth in its three core pillars – Spirits, Beer and Food – over the longer term.

SINGAPORE (Feb 15): CIMB is maintaining its "hold" on Thai Beverage on higher selling expenses, uncertainties linking to the Saigon Beer-Alcohol-Beverage Joint Stock Corp (Sabeco) acquisition and elevated balance sheet risks which could continue t

SINGAPORE (Feb 14): Thai Beverage reported a 62% fall in 1Q earnings to THB2.91 billion ($122 million) from THB7.71 billion on one-off expenses of THB2.35 billion related to acquisitions in this quarter and finance costs linked to the Sabeco acquisition.

SINGAPORE (Jan 23): Nomura Research is starting coverage on Thai Beverage (ThaiBev) with a “buy” recommendation and a target price of $1.13, representing a potential upside of more than 20% from its current price.

SINGAPORE (Jan 11): OCBC Investment Research says Thai Beverage is likely to see its share price remain volatile in the near term, amid concerns over a spike in its net gearing.

SINGAPORE (Dec 20): CIMB Research has downgraded its call on Thai Beverage (ThaiBev) while lowering its target price on the stock by 15 cents to $1, after imputing a potential impact to the group’s balance sheet from a recent acquisition which the resea