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 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 sentiment in Singapore market. There maybe a revival of a Beerco or Spiritco listing. 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 Neave which are all listed. The pol...