Singapore Stock Market News
Thai Beverage - An emerging force
StockFanatic
Publish date: Wed, 05 Sep 2012, 08:49 AM
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Thai Bev is poised to be an emerging force in South-East Asia's
beverage industry. We see multiple earnings catalysts, beginning with
its fast-growing non-alcoholic beverage business, 29% stake in F&N,
and the turnaround of its beer business.
On top of that, its spirits business
provides stable core earnings. We
initiate coverage with an Outperform
rating and S$0.58 SOP target price.
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