Wolf Money(Thai Beverage PLC)

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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 political uncertainty in Thailand represents a risk and an opportunity. If there is no uncertainty. Where will the price of ThaiBev be? I don’t know.

The stock is not going to give exponential returns. I am treating it as part of my cash management. Major support will be at 44c-45c area. The stock is trading at 11x p/e and it comes with a 5.3% dividend yield. More detail at the end of month portfolio update. God Bless.

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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 education only. Buyer beware,do you own due diligence.


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