Thai Beverage (ThaiBev)

The regulatory ban on drink driving continues to curb beer consumption in Vietnam, the brokerage warns.

CGS-CIMB believes that lower earnings before interest, tax, depreciation and amortisation (Ebitda) recorded by Fraser and Neave (F&N) and Frasers Property in the same period may indicate lower earnings registered by both associate companies.

Covid-19 causes F&N to spill earnings

After a tough first half (especially in 2Q20), DBS Research is confident about a rally in 2H20.

SINGAPORE (June 1): As Singapore begins to ease the circuit breaker (CB) measures starting with Phase 1 on June 2, several stocks and real estate investment trusts (REITs) could emerge as beneficiaries.

SINGAPORE (May 18): Thai Beverage’s (ThaiBev) weak 2QFY20 results ended March 31 may have led analysts to downgrade the stock.

Cheers to ThaiBev

Thai Bev posts 14.5% drop in 2Q earnings to $221 mil

SINGAPORE (April 20): CGS-CIMB Research has downgraded Thai Beverage (ThaiBev) to a “hold” rating with a lower target price of 70 cents from 90 cents previously.

SINGAPORE (April 16): The postponement of the Songkran festival, a popular Thai national holiday, including the ban of alcohol sales, are expected to hit the sales of Thai Beverage’s (ThaiBev) alcoholic drinks.