Thai Beverage (ThaiBev)

SINGAPORE (Feb 15): DBS Group Research says the worst should be over for Thai Beverage and that its strong 1Q19 results should provide confidence and a re-rating catalyst for the counter.

SINGAPORE (Feb 14): Thai Beverage (ThaiBev) recorded earnings of 7.42 billion baht ($320.8 million) for the 1Q19 ended December, more than doubling from 2.96 billion baht a year ago.

SINGAPORE (Jan 18): RHB is reiterating its “buy” call on Thai Beverage (ThaiBev) with a higher target price of 85 cents, from 75 cents previously.

SINGAPORE (Dec 4): UOB Kay Hian is reiterating its “buy” recommendation on Thai Beverage (ThaiBev) with a target price of 80 cents.

SINGAPORE (Dec 18): KGI Securities is keeping its “buy” recommendation on Thai Beverage with an unchanged target price of 75 cents – implying an estimated upside of more than 27% from its current trading price.

SINGAPORE (Dec 17): DBS Vickers Securities is “overweight” on the consumer goods sector, on the belief that F&B and retail services in Singapore are likely to outperform other cyclical industries amid trade-war related uncertainties in 2019.

SINGAPORE (Nov 27): Thai Beverage reported FY18 earnings of THB 18.53 billion ($77 million), down 46% from last year.

SINGAPORE (Oct 26): Exotix Capital is initiating coverage on Thai Beverage with a “buy” recommendation and a target price of 90 cents.

SINGAPORE (Oct 4): UOB KayHian is upgrading Thai Beverage to “buy” on signs alcohol consumption may be gradually recovering after data showed a pick-up in consumer confidence levels to a five-year high.

SINGAPORE (Sept 21): RHB Research is maintaining “buy” on Thai Beverage (ThaiBev) with an unchanged target price of 88 cents despite expectations of 4Q18 alcohol volumes to continue their decline due to the high base effect in 4Q17, which saw trade ag