Singapore Stock Market News

Thai Beverage - 3Q results preview

StockFanatic
Publish date: Tue, 05 Nov 2013, 08:40 AM
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We expect Thai Bev to report a stronger 2H, thanks to an uptick in spirits sales volume. The non-alcoholic beverage business is unlikely to turn a profit yet but the quantum of loss depends on the intensity of both Oishi's and Serm Suk's promotional activities.

Thai Bev will report its 3Q results on 14 Nov, and we expect it to be in line with our estimates. There are no changes to our FY13-15 estimates and SOP-based target price. We maintain our Outperform call, with the catalyst of further corporate restructuring.
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