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Thai Beverage (ThaiBev)
Broker's Calls
UOB Kay Hian favours counters with strong earnings growth and those with majority of earnings outside Singapore
Singapore Airlines (SIA) remains the brokerage’s key “sell” call as they see travel resuming only after 3QFY2021.
May 21, 2021
Broker's Calls
Analysts continue to cheer ThaiBev despite operating challenges
RHB Securities believes ThaiBev is in a “good position” to capitalise on a cyclical recovery after a mass inoculation.
May 17, 2021
Broker's Calls
Deferment of BeerCo IPO may be opportunity to accumulate ThaiBev stocks: Maybank Kim Eng
To Maybank's Chan, the deferment of BeerCo’s IPO is more likely due to a lower-than-expected valuation for the business.
April 21, 2021
IPO
Listing of BeerCo on SGX to be deferred due to 'uncertain market conditions'
Shares in ThaiBev closed 0.5 cent lower or 0.7% down at 74.5 cents on April 16.
April 16, 2021
IPO
ThaiBev subsidiary BeerCo one step closer to IPO
BeerCo announced, on Feb 5, that it is seeking to list on the Mainboard of the SGX-ST.
April 02, 2021
Broker's Calls
Maybank KE initiates coverage on ThaiBev with 'buy' rating, TP 95 cents
The potential listing of ThaiBev’s beer business is a near-term catalyst, says Maybank Kim Eng.
April 01, 2021
Broker's Calls
Analysts divided on ThaiBev after mixed 1Q results, BeerCo IPO plan
Phillip Securities has downgraded the stock to “accumulate” from “buy” previously due to the recent share price appreciation.
February 15, 2021
Results
'BeerCo', ThaiBev's impending spin-off, reports 1QFY21 earnings of $77 mil, up 72.4%
The spin off will create the largest beer “platform” in Asean, with a volume market share of 23.4% for FY2020.
February 11, 2021
Broker's Calls
'Add' ThaiBev as BeerCo IPO could rerate stock: CGS-CIMB
The brokerage reckons the IPO could lift its target price for the stock to $1.18 from 87 cents previously.
February 09, 2021
Investing ideas
You think 2020 was hot for Asia’s share sales? 2021 could sizzle
2021 is shaping up to be a bonanza for Asian share sales.
December 18, 2020