$ThaiBev (Y92.SG)$ DBS view still maintain TP at 0.72 [Grim...
ThaiBev posted 1Q24 revenue (-5.9%) and EBITDA (+1.9%) that were in line with estimates given expectations of stronger 2H24
Thailand business continues to be resilient despite headwinds, with likely margin expansion in Beer segment and stable Spirits segment
Expect a stronger 2H24 on tourism recovery in Thailand and manufacturing recovery in Vietnam; Maintain BUY with TP of S$0.72
Thailand business continues to be resilient despite headwinds, with likely margin expansion in Beer segment and stable Spirits segment
Expect a stronger 2H24 on tourism recovery in Thailand and manufacturing recovery in Vietnam; Maintain BUY with TP of S$0.72
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Sateeshchandra : is it bear moment !?
Captain WoonOP :
102918195 : yes, in fact it shows promising signs of recovery given the current economy climate