Thai Beverage (ThaiBev)

SINGAPORE (June 14): CGS-CIMB Research says Thai Beverage is one of its top picks among Singapore-listed consumer stocks, given the kingdom’s improving domestic beer consumption.

SINGAPORE (June 10): DBS Equities Research continues to rate Thai Beverage (ThaiBev) at “buy” with an unchanged target price of 91 cents.

SINGAPORE (May 28): OCBC Investment Research is maintaining “hold” on Thai Beverage (ThaiBev) while lowering its fair value estimate by 2 cents to $0.86 after updating its cost of equity.

SINGAPORE (May 24): RHB Research likes Fraser & Neave even though the operating environment is tough for its beverage and print business.

SINGAPORE (May 13): Analysts are keeping largely upbeat on Thai Beverage (ThaiBev), despite a 12.2% drop in 2Q earnings to THB 5.79 billion ($250 million) on the back of lower net profit from its spirits and food businesses.

SINGAPORE (May 10): Thai Beverage reported 2Q earnings fell 12.2% to THB 5.79 billion ($250 million) from a restated THB 6.59 billion, due to a lower net profit from the spirits and food businesses and from F&N/Frasers Property.

SINGAPORE (Apr 15): Thai Beverage has spent the past few years on an $8 billion acquisition spree, as it expanded beyond its home market and into other Southeast Asian markets. It bought a 53.59% stake in Saigon Beer Alcohol Beverage Corp (Sabeco), Viet

SINGAPORE (Apr 5): RHB Research is maintaining its sector “overweight” on consumer stocks although it cautions of benign consumer sentiment for 2019, with Singaporeans expected to spend more prudently amid an uncertain macroeconomic outlook.

SINGAPORE (Mar 14): UOB Kay Hian continues to rate Thai Beverage (ThaiBev) “hold” with a target price of 86 cents and a recommended entry price of 78 cents.

SINGAPORE (Feb 18): Analysts are generally positive on Thai Beverage (ThaiBev), following the group’s 1Q19 results announcement, which recorded earnings of 7.42 billion baht ($320.8 million), more than doubling from 2.96 billion baht last year.