Stock Name: ThaiBev
Company Name: THAI BEVERAGE PUBLIC CO LTD
Company Name: THAI BEVERAGE PUBLIC CO LTD
| Research House: OCBC | Price Call: HOLD | Target Price: 0.77 |
SINGAPORE (Jan 15): OCBC Investment Research has downgraded Thai Beverage to "hold" from "buy", saying the stock offers limited upside to its revised price target of 77 cents and that the company faces challenges in the near term.
"With the spirits business likely to see modest growth ahead, and further excise tax posing as a threat to margins for the alcoholic segments, these could weigh on ThaiBev's near-term performance," OCBC analyst Jodie Foo said in a note today.
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