Thai Beverage Public Company Limited

SGX: Y92

0.535

-1.83%

Share Price in SGD. As of 16 Jan 16:23:12 SGT

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Beansprout Analysis
Market Analysis

Consensus Share Price Target

Thai Beverage Public Company Limited share price target is $0.693, according to consensus estimates as of 07 Dec 2024. Based on Thai Beverage Public Company Limited’s current share price of $0.535, this represents an upside potential of 29.5%.

Price Target: $0.693

Sell
Underperform
Neutral
Outperform
Buy

Source: SGX as of 07 Dec 2024

Analyst Ratings

  • CGS-CIMB

    15 Feb 2024

    Hold

    (prev Buy)

    0.500

    (prev 0.670)

  • DBS Research

    22 Nov 2024

    Buy

    0.770

  • OCBC Investment

    25 Nov 2024

    Buy

    0.690

  • Phillip Securities

    25 Nov 2024

    Buy

    0.640

    (prev 0.630)

  • RHB Invest

    25 Nov 2024

    Buy

    0.710

  • UOB Kay Hian

    22 Nov 2024

    Buy

    0.560

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Company Description

Thai Beverage Public Company Limited is Thailand’s largest and leading beverage producer and distributor. Its operation is considered among the leading distillers and brewers and in Southeast Asia. ThaiBev leading products include a variety of well-established spirits brands, including its famous brew Chang Beer. In the non-alcoholic beverage category, key products include water, tonic soda, and RTD green tea. [Drafted: June 9, 2012] ThaiBev Group owns and operates 18 well-equipped and modernized distilleries in Thailand with the total production capacity of approximately 819 million liters per year. It also operates 3 state-of-the-art breweries with a total installed capacity of approximately 1,550 million liters per year. ThaiBev’s recognized spirits brands include Ruang Khao, SangSom, Mekhong, Hong Thong and Blend 285. Chang Beer, our most famous, signature beer, is very popular among the Thai beer drinkers. For non-alcoholic beverages, ThaiBev’s flagship, Oishi RTD green tea, is the best selling product in Thailand with market share of over 60%. Other than its domestic focus, our famous Chang Beer is also exported around the world. ThaiBev has an international presence and engages in overseas distilleries operations with five production facilities in Scotland and one in China. Recently, seven non-alcoholic beverages production facilities were added to ThaiBev umbrella, as a result of acquisition of Serm Suk Public Company Limited in late 2011.