Wolf Money(Thai Beverage PLC)
The below article is for educational purpose only. Kindly refrain from taking any action. It shouldn’t constitute as an investment advice. Please read the disclaimer . I have decided to get sober on Thai Beverage. The stock performance is poor given STI had just broken our all time high and ThaiBev struggling at near 13-year low. The stock is down close to 15% for the year. I am expecting maybe a quarter or two of poor results to continue due to economic woes in Thailand as weak consumption affecting sales. The conclusion of trade deal between US-Vietnam will help ThaiBev given Vietnam is their second largest market after Thailand. Lower input cost will have a positive impact on margins. With the rising positive sentiment in the Singapore market. The revival of a Beerco or Spiritco listing can’t be ruled out. I think the odds are favourable at current level. They own Vinamilk, the biggest dairy company in Vietnam, Sabeco, the largest beer company in Vietnam and Fraser and N...

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