Singapore Stock Market News

Thai Beverage - Bright Long Term Prospects

StockFanatic
Publish date: Thu, 12 Jul 2018, 12:05 PM
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Maintain BUY and a new SGD1.02 TP from SGD1.06, with 40% upside. We remain positive on ThaiBev's medium-term prospects despite near-term softening of demand. With consumer confidence at a 40-month high, we expect premiumisation in alcohol consumption to be realised in 2-3 years. This is in conjunction with efforts to introduce higher-value products like Ruang Khao Silver, Blend 285 Signature and Federbrau. New products like Kulov Max Seven and Star Cooler are also expected to bring higher margins and reach out to a wider consumer base. Read More
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