Thursday, April 30, 2015

Thai Beverage kept at 'add' by CIMB with unchanged target price of 82 cents

Stock Name: ThaiBev
Company Name: THAI BEVERAGE PUBLIC CO LTD
Research House: CIMBPrice Call: BUYTarget Price: 0.82



SINGAPORE (Apr 30): CIMB Research has maintained its "add" call on Thai Beverage with an unchanged target price of 82 cents.

"2015 looks like the year for Thai Beverage to ride on the sustained turnaround in beer's profitability and to use the free cashflow from alcohol to expand its non-alcoholic business," said CIMB analysts Kenneth Ng and Jonathan Seow in a research note released on April 29.

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