In today’s briefing:
- Thai Beverage: In Low Spirits. Now a Low- Risk Dividend Play
Thai Beverage: In Low Spirits. Now a Low- Risk Dividend Play
- Thai Beverage (THBEV SP) reported marginal revenue growth and a slight decline in EBITDA for the December quarter (1QFY25), even as its spirits segment experienced a sharper drop in both.
- With its primarily Thailand-based spirits segment seemingly in a structural decline, growth in other segments must offset the impact on overall sales.
- With limited potential to unlock value from its beer division, particularly amid the sharp decline in BeerCo’s valuations, Thai Bev seems increasingly off investors’ radar.
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