Thai Beverage's Beer Businesses Gaining Market Share -- Market Talk

Dow Jones2022-09-29

0305 GMT - Thai Beverage's earnings recovery appears to be on track, thanks to easing Covid-19 measures in the region which has led to the reopening of nightlife entertainment venues and more tourist arrivals, UOB Kay Hian analyst Llelleythan Tan says in a research note. The beverages maker's beer businesses are gaining market share in both Thailand and Vietnam as the company increases its advertising and promotional activities, the analyst says. Thai Beverage has the second largest market share at around 40% in Thailand and is closing in on the number one spot, the analyst adds. UOB Kay Hian cuts the stock's target price slightly to S$0.87 from S$0.89 and maintains a buy rating. Shares are unchanged at S$0.62. (justina.lee@wsj.com)

(END) Dow Jones Newswires

September 28, 2022 23:05 ET (03:05 GMT)

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Des123
2022-09-30
Des123
what happen Thai look slumping no potential since almost 2 months

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