Wolf Money(Thai Beverage PCL 9M business update)

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Thai Beverage PCL had shown an increase of 11.5% in EBIDTA to a tune of 36.6b Baht vs 32.8b Baht previously. It was a valiant performance given the dire covid 19 situation in Thailand and Vietnam. Profit seem to be unaffected by the pandemic. There are strong growth in spirits and beer profitability. With weakness in food segment. Debt to equity had fallen from 1.01 to 0.95x which show the business is generating strong cash flow. Overall it was a commendable 9m given the difficult operating environment. Thai Bev is more of a spirits play than a beer play. Spirits contributed more than 80 percent of profit. Please refer to my previous blog on Thai Beverage. 

Thai Bev 9m business update SGX link

https://links.sgx.com/FileOpen/Business_Update_9M21.ashx?App=Announcement&FileID=678945


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Disclaimers 

All investments is highly speculative in nature and involves substantial risk of loss. We encourage our reader to invest very carefully. We also encourage reader to get personal advice from your professional investment advisor and to make independent investigations before acting on information that we publish. Much of our information is derived directly from information published by companies or submitted to governmental agencies on which we believe are reliable but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way whatsoever warrant or guarantee the success of any action you take in reliance on our statements. All information provided are for information only. Buyer beware,do you own due diligence.

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