Thai Bev has trended lower as the BeerCo listing keeps getting deferred. Multiples have shrunk and the stock trades cheaper than peers. A big catalyst could result in passive buying and outperformance
Boomeranged on Thu, 15 Feb 2024 10:27
Thai Bev has outperformed Bud APAC and CR Beer over the last 5 months. There could be an index inclusion in the next month and that could help the stock move higher. Estimated passive buying is for 284m shares (US$104m; 11x ADV).
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