Thai Beverage (THBEV SP) - More Clarity With Beer
Thai Beverage released some better than expected results last week and we see the spin-off of the beer business as a positive catalyst, despite a...
318 Views
ThaiBev BeerCo Pre-IPO - Thoughts on BeerCo and ThaiBev HoldCo Valuation
Thai Beverage (THBEV SP) announced that it received a no-objection letter for the proposed spinoff of BeerCo. In this note, we will look at the...
667 Views
ThaiBev BeerCo Pre-IPO - Declining Rev and Mkt Share Concerns but Good Cost Control
Thai Beverage (THBEV SP) announced that it received a no-objection letter for the proposed spinoff of BeerCo from SGX-ST on 5th February, 2021.
333 Views
The Week That Was in ASEAN@Smartkarma - Banks, Beers, and Mergers
The week that was in ASEAN@Smartkarma is filled with another eclectic mix of differentiated, substantive, and actionable insights from across South...
184 Views
Thai Beverage: Bouncy 1QFY21 Can Fire up the Stock; 20% Upside on SOTP
The rationale for 20% upside for Thai Beverage based on updated SOTP valuation, BeerCo valuation, Quarterly results review.
323 Views