In today’s briefing:
- Thai Beverage (THBEV SP): Faces Potential Hit as Vietnam Proposes Beer Tax Hike
Thai Beverage (THBEV SP): Faces Potential Hit as Vietnam Proposes Beer Tax Hike
- Thai Beverage (THBEV SP) majority-owned SABECO, a leading beer company in Vietnam, may face volume declines if the proposed beer tax hike is implemented.
- The tougher market outlook makes the earlier proposed BeerCo listing unlikely anytime soon.
- With no meaningful stock catalyst, weak sector outlook and a stretched balance sheet, the stock could slip down after index inclusion related passive stock buying ends.
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