$ThaiBev (Y92.SG)$ ThaiBev is Southeast Asia's leading bever...
ThaiBev is Southeast Asia's leading beverage producer and distributor, with business segments spanning spirits, beer, non-alcoholic beverages, and food. The company owns leading alcoholic and non-alcoholic brands including Chang, Saigon Beer, Hong Thong, Mekhong, Grand Royal, and Oishi Green Tea.
In its 1H24 results update, sales revenue remained flat at -0.4% YoY amidst a challenging economic condition, however all business segments showed satisfactory growth in EBITDA from effective cost management. Net profit declined by 4.9% YoY, weighed down by the decline in net profit from associated companies, despite its beer and non-alcoholic business recording net profit growths.
The stock currently has 10 Buy and 4 Hold recommendations, and a 12 month target price of $0.64.
*All data as of 23 July 2024
➡️ For more information on Thai Beverage, visit bit.ly/3Wwod4A
*All data as of 23 July 2024
➡️ For more information on Thai Beverage, visit bit.ly/3Wwod4A
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Siastan : Also including Tiger Beer & 100 Plus brands.