$THAI BEVERAGE PUBLIC CO LTD(Y

2022-08-26

$THAI BEVERAGE PUBLIC CO LTD(Y92.SI)$Thai Beverage (THBEV SP)3QFY22: Solid Results, As Beer Outperforms

THBEV released its 3QFY22 business update where 9MFY22 revenue was in line while EBITDA was slightly above our expectations. This was driven by a stronger-than-expected recovery in the beer segment. Despite lower molasses costs, the spirits segment underperformed, dragged down by rising packaging costs.

We reckon THBEV is an attractive and undervalued stock with high potential upside. Maintain BUY with a slightly lower SOTP-based target price of S$0.89 (S$0.94).

https://s3-ap-southeast-1.amazonaws.com/investingnote-production-webbucket/attachments/9a8ffe24e9490a9a6342dc34d2034ff3176b8a25.pdf?1661510071

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

Stingray8
2022-08-26
Stingray8
Price still drop 🤦🏻
Anselo
2022-08-29
Anselo
thanks
KST66
2022-08-28
KST66
Thanks
boo1234
2022-08-28
boo1234
go
RT_SG
2022-08-28
RT_SG
[Like]
kyz
2022-08-28
kyz
ok

Leave a comment

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":9995792567,"tweetId":"9995792567","gmtCreate":1661513559662,"gmtModify":1676536532967,"author":{"id":3568083284934472,"authorId":3568083284934472,"authorIdStr":"3568083284934472","name":"PiscesMonkey","avatar":"https://static.tigerbbs.com/3dcdde113672477072ac33b172af4ad7","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":206,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><a href=\"https://ttm.financial/S/Y92.SI\">$THAI BEVERAGE PUBLIC CO LTD(Y92.SI)$</a><v-v data-views=\"1\"></v-v>Thai Beverage (THBEV SP)3QFY22: Solid Results, As Beer OutperformsTHBEV released its 3QFY22 business update where 9MFY22 revenue was in line while EBITDA was slightly above our expectations. This was driven by a stronger-than-expected recovery in the beer segment. Despite lower molasses costs, the spirits segment underperformed, dragged down by rising packaging costs.We reckon THBEV is an attractive and undervalued stock with high potential upside. Maintain BUY with a slightly lower SOTP-based target price of S$0.89 (S$0.94).https://s3-ap-southeast-1.amazonaws.com/investingnote-production-webbucket/attachments/9a8ffe24e9490a9a6342dc34d2034ff3176b8a25.pdf?1661510071</body></html>","htmlText":"<html><head></head><body><a href=\"https://ttm.financial/S/Y92.SI\">$THAI BEVERAGE PUBLIC CO LTD(Y92.SI)$</a><v-v data-views=\"1\"></v-v>Thai Beverage (THBEV SP)3QFY22: Solid Results, As Beer OutperformsTHBEV released its 3QFY22 business update where 9MFY22 revenue was in line while EBITDA was slightly above our expectations. This was driven by a stronger-than-expected recovery in the beer segment. Despite lower molasses costs, the spirits segment underperformed, dragged down by rising packaging costs.We reckon THBEV is an attractive and undervalued stock with high potential upside. Maintain BUY with a slightly lower SOTP-based target price of S$0.89 (S$0.94).https://s3-ap-southeast-1.amazonaws.com/investingnote-production-webbucket/attachments/9a8ffe24e9490a9a6342dc34d2034ff3176b8a25.pdf?1661510071</body></html>","text":"$THAI BEVERAGE PUBLIC CO LTD(Y92.SI)$Thai Beverage (THBEV SP)3QFY22: Solid Results, As Beer Outperforms THBEV released its 3QFY22 business update where 9MFY22 revenue was in line while EBITDA was slightly above our expectations. This was driven by a stronger-than-expected recovery in the beer segment. Despite lower molasses costs, the spirits segment underperformed, dragged down by rising packaging costs. We reckon THBEV is an attractive and undervalued stock with high potential upside. Maintain BUY with a slightly lower SOTP-based target price of S$0.89 (S$0.94). https://s3-ap-southeast-1.amazonaws.com/investingnote-production-webbucket/attachments/9a8ffe24e9490a9a6342dc34d2034ff3176b8a25.pdf?1661510071","highlighted":2,"essential":1,"paper":1,"likeSize":46,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9995792567","repostId":0,"isVote":1,"tweetType":1,"viewCount":997,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["Y92.SI"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":631,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":103619593,"gmtCreate":1661515128339,"gmtModify":1663257370849,"authorId":3582101468174801,"author":{"id":3582101468174801,"authorId":3582101468174801,"name":"Stingray8","avatar":"https://community-static.tradeup.com/news/61835c24442db698417e83348c394372","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.01.17","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9995792567,"type":1,"supId":0,"prevId":0,"content":"Price still drop 🤦🏻","text":"Price still drop 🤦🏻","html":"Price still drop 🤦🏻","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":103653428,"gmtCreate":1661720583647,"gmtModify":1663257529437,"authorId":4104761886182970,"author":{"id":4104761886182970,"authorId":4104761886182970,"name":"Anselo","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9995792567,"type":1,"supId":0,"prevId":0,"content":"thanks","text":"thanks","html":"thanks","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":103650940,"gmtCreate":1661687161101,"gmtModify":1663257517252,"authorId":3573978021681248,"author":{"id":3573978021681248,"authorId":3573978021681248,"name":"KST66","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9995792567,"type":1,"supId":0,"prevId":0,"content":"Thanks","text":"Thanks","html":"Thanks","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":103648955,"gmtCreate":1661670482678,"gmtModify":1663257508733,"authorId":4097101229036040,"author":{"id":4097101229036040,"authorId":4097101229036040,"name":"boo1234","avatar":"https://static.tigerbbs.com/1b2f93a3863cf318618c30ea8fa3f065","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9995792567,"type":1,"supId":0,"prevId":0,"content":"go","text":"go","html":"go","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":103648444,"gmtCreate":1661668076589,"gmtModify":1663257507039,"authorId":3586216759277485,"author":{"id":3586216759277485,"authorId":3586216759277485,"name":"RT_SG","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9995792567,"type":1,"supId":0,"prevId":0,"content":"[Like]","text":"[Like]","html":"[Like]","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":103642564,"gmtCreate":1661650113083,"gmtModify":1663257478531,"authorId":3576151725831547,"author":{"id":3576151725831547,"authorId":3576151725831547,"name":"kyz","avatar":"https://static.tigerbbs.com/6ac8982ef30c2e8f70c37904b9a7e86e","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9995792567,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/9995792567"}