How is ThaiBev faring in the current market?
With rising revenue in spirits and poorer performance in beer volumes, $THAI BEVERAGE PUBLIC CO LTD(Y92.SI)$
But first, why did beer sales dipped? It's largely due to a drop in alcohol discretionary spending in Vietnam as macro economy weakens. This has adversely affected Sabeco performance.
On the other hand, spirits business is gaining momentum as sales price was increased and there is a better product offering on brown spirits.
Overall, I am still bullish on ThaiBev as I believe the continued improvements in tourism will boost overall alcohol consumption. However, I will deploy my funds abit more cautiously as the market seems to plateau. Invest safe!
@MillionaireTiger @TigerStars @Daily_Discussion @CaptainTiger
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ThaiBev is also investing in new products and acquisitions, which should help the company to maintain its growth momentum.
The company has a strong brand portfolio, a expanding distribution network, and a diversified product portfolio.
ThaiBev is well-positioned for continued growth in the current market.
ThaiBev has a strong portfolio of brands, including Chang, Singha, and Mekhong.
Depends on the Whole SG market I guess