In today’s briefing:
- Thai Beverage (THBEV): Undervalued with Catalysts Coming
Thai Beverage (THBEV): Undervalued with Catalysts Coming
- Thai Beverage (THBEV SP) share price has been quite beaten down in the last few years and has not recovered since COVID.
- A few near-term catalysts that could revive the share price i.e. government subsidies for tourist flights, Chinese tourists are back, and the lifting of the alcohol sales ban in afternoon.
- Cheapest earnings multiple, pays higher dividend yield, high ROE, and also generated USD 420 million free cash flow.
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