PiscesMonkey
2022-05-04

$THAI BEVERAGE PUBLIC CO LTD(Y92.SI)$

Thai Beverage – BUY (Llelleythan Tan)

• Complete removal of COVID-19 tests. Shortly after scrapping the need for a negative pre-departure PCR test in Apr 22, Thailand would now eliminate on-arrival testing for all vaccinated travellers from 1 May 22 onwards. The minimum insurance coverage required was also further reduced from US$20,000 to US$10,000. In Vietnam, the country has fully reopened its international borders since 15 Mar 22, whereby only one negative PCR (72 hours pre-departure) or ART test (24 hours pre-departure/upon arrival) is required before entering the country quarantine-free.

• Transition to endemic living. With the removal of the “Test & Go” Scheme starting 1 May 22, the cancellation of “Thailand Pass” registration scheme is expected to take place next on 1 Jun 22, streamlining the travel process for international travellers. Thailand’s authorities announced plans to debate allowing the kingdom’s nightlife industry to reopen fully and legally which would lead to a revival in the country’s bustling nightlife and alcohol consumption volumes.

• More time to get drunk. Starting 1 May 22, Thailand’s authorities have extended its alcohol curfew, implying that alcohol can now be served at restaurants and eateries till midnight from 11pm previously. Also, the country is planning to re-designate 18 orange zones to yellow zones, increasing the number of provinces allowed to serve alcohol from 47 to 65. Bangkok has eased restrictions for MICE events whereby alcoholic drinks can now be served.

Share Price Catalysts

• Events: a) BeerCo IPO, and b) potential spin-off listing, and c) full reopening of bars in Vietnam and Thailand.

• Timeline: 6+ months. 

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • Alpha Investing
    2022-05-04
    Alpha Investing
    Thailand is open now but the big bulk of tourist are from China and Russia. Unfortunately both not available now. Westerners are suffering from inflation and shrinking budget.
  • Axekay
    2022-05-04
    Axekay
    have you tried the beverages of $THAI BEVERAGE PUBLIC CO LTD(Y92.SI)$ ? chang beer? how do you think about the taste
  • ckww
    2022-05-04
    ckww
    Hopefully with the opening of the border, it can help to propel Thai Beverage to greater heights.
  • Toby_Chua
    2022-05-05
    Toby_Chua
    laggard waiting to be woken up
  • hj489
    2022-05-05
    hj489
    Good news for this stock holder.
  • Shan_shine
    2022-05-04
    Shan_shine
    Under rated among STI components
Leave a comment
1