Thai Beverage (THBEV TB) - Brewing Spin-Off a Positive Catalyst
The recent announcement that Thai Beverage (THBEV SP) is potentially looking to spin-off its brewing operations, which are mainly its beer assets...
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M: 1Q19 Earnings Reach a Record High
M reported 1Q19 net profit of Bt710m (+17%YoY, +12.3%QoQ) and in line with our expectation. The YoY growth was caused by better 7.5% sales growth...
577 Views
M: Big-Three Chain Restaurant Giant Ramps up Brands and Networks
We initiate coverage on M with a BUY rating, based on a target price of Bt96 and derived from 31xPE’18E, which is the +2SD of three-year average...
376 Views
HTC: Soft Drink King Rules in Southern Thailand
We initiate coverage on HTC with a BUY rating and based on a target price of Bt27, derived from 15.7xPE’18E, which represents its two-year average...
423 Views
Booze Bust: What's Charoen Gotta Do Yo?
According to Prof Savitri Ungsangchai of the Alcohol Research Insitute, Thai alcohol consumption is down 29% during the first 30 days of mourning,...
436 Views