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tongphlp Supreme	03-Jun-2026 06:39        tongphlp About Contact  Quote this Post!
x 0   x 0  Alert Admin	remains to be seen...in the meanwhile, drink more to stay sober.. Alignment      ( Date: 26-May-2026 18:44) Posted: Perhaps the alleged sex abuse story relating to Singha may have a downward impact on its operations which would help Chang.
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Speediman Veteran	02-Jun-2026 22:53        Speediman About Contact  Quote this Post!
x 0   x 0  Alert Admin	Prolonged hot spell in Thailand and Vietnam should boost drinks consumption.  Buriram United FC winning the shopee cup might boost Chang Beer Sales too.
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Alignment Elite	26-May-2026 18:44        Alignment About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	Perhaps the alleged sex abuse story relating to Singha may have a downward impact on its operations which would help Chang.
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PiRPiR Master	21-May-2026 17:22        PiRPiR About Contact  Quote this Post!
x 0   x 0  Alert Admin	Maybank Securities Upgrades Thai Beverage Public Company to Buy from Hold Adjusts Price Target to SG$0.48 from SG$0.43 49 mins ago 04:33 AM EDT, 05/21/2026 (MT Newswires) -- Maybank Securities Upgrades Thai Beverage Public Company to Buy from Hold Adjusts Price Target to SG$0.48 from SG$0.43
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Alignment Elite	20-May-2026 18:10        Alignment About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	https://www.aljazeera.com/news/2026/5/19/thailand-to-slash-tourist-visa-free-stays After some high profile Farang misbehaviour Thailand making tourist visas more difficult.
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tongphlp Supreme	20-May-2026 11:11        tongphlp About Contact  Quote this Post!
x 0   x 0  Alert Admin	drinking is bad for health... Joelton      ( Date: 20-May-2026 11:03) Posted: Maybank Securities upgrades Thai Beverage on attractive valuations and cyclical recovery Citing signs of a cyclical recovery, Hussaini Saifee of Maybank Securities has turned more bullish on Thai Beverage after the alcohol giant' s 2QFY2026 results, with call upgraded from " hold" to " buy" . He observes that spirits revenue was up 1.3% y-o-y and net profit up 6.4% despite cautious consumer conditions. Beer rebounded strongly in 2Q after a weak 1Q, supported by festive activities and improving demand momentum. " Management also highlighted healthier domestic demand, while costs remain well controlled through early raw material procurement and disciplined marketing spending," he adds. From 43 cents, Hussaini now figures that this stock is worth 48 cents, as he raised his FY2026 to FY2028 earnings forecast. At just 10x forward PE, Thai Beverage trades at around 50% discount to peers while offering an attractive dividend yield of around 6%, he reasons. On the other hand, Chee Zheng Feng of DBS Group Research has turned more cautious. He has kept his " buy" call but has cut his target price, albeit from a level topping his peers. From 62 cents, Chee now figures the stock is worth 53 cents, which is based on 12x earnings, a valuation multiple at the counter' s five-year average and broadly in line with other major regional spirits companies. " We believe the company remains on track to deliver our FY2026 earnings growth forecast of 9.4%. While crop prices for next year have yet to be finalised and could trend higher, we believe resilient demand and disciplined cost management should help sustain stable earnings in FY2027," says Chee. Chee, whose earlier bullish views that the re-rating of this stock is based on possible value-unlocking corporate actions, has maintained his view that this is so. " The group owns high quality beer and F& B assets that, in our view, could command higher valuations under the right corporate structure or listing strategy. However, the timing of such initiatives remains uncertain and will likely depend on market conditions and underlying business performance," he says. Meanwhile, Chu Peng of OCBC Group Research has kept her " buy" call and 55 cents fair value. She expects Thai Beverage to see continued recovery in sales volumes for both spirits and beer, following earlier disruptions from border conflicts between Thailand and Cambodia, as well as adverse weather conditions in Vietnam. Lower raw material costs on molasses and malt in FY2026 should support the company&rsquo s recovery and help offset softer demand. She notes that Thai Beverage has secured supply of molasses, required for spirits production, at prices around 40% compared to the year earlier. The company' s beer production has also secured malt at an attractive cost level through whole of the year. Similarly, Meghana Kande and Lim Siew Khee of CGS International, citing Thai Beverage&rsquo s resilient margin position which anchors earnings growth, despite quarterly volatility in volumes, have maintained their " add" call. They have also held their target price at 58 cents, which is based on 12x FY2027 earnings. For them, re-rating catalysts include margin expansion from lower input costs and potential value-unlocking, such as the long-talked about IPO of its beer business. On the other hand, downside risks include heightened competition eroding market share, macro weakness impacting volumes, and margin pressure from higher SG& A and input costs.
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Joelton Supreme	20-May-2026 11:03        Joelton About Contact  Quote this Post!
x 0   x 0  Alert Admin	Maybank Securities upgrades Thai Beverage on attractive valuations and cyclical recovery Citing signs of a cyclical recovery, Hussaini Saifee of Maybank Securities has turned more bullish on Thai Beverage after the alcohol giant' s 2QFY2026 results, with call upgraded from " hold" to " buy" . He observes that spirits revenue was up 1.3% y-o-y and net profit up 6.4% despite cautious consumer conditions. Beer rebounded strongly in 2Q after a weak 1Q, supported by festive activities and improving demand momentum. " Management also highlighted healthier domestic demand, while costs remain well controlled through early raw material procurement and disciplined marketing spending," he adds. From 43 cents, Hussaini now figures that this stock is worth 48 cents, as he raised his FY2026 to FY2028 earnings forecast. At just 10x forward PE, Thai Beverage trades at around 50% discount to peers while offering an attractive dividend yield of around 6%, he reasons. On the other hand, Chee Zheng Feng of DBS Group Research has turned more cautious. He has kept his " buy" call but has cut his target price, albeit from a level topping his peers. From 62 cents, Chee now figures the stock is worth 53 cents, which is based on 12x earnings, a valuation multiple at the counter' s five-year average and broadly in line with other major regional spirits companies. " We believe the company remains on track to deliver our FY2026 earnings growth forecast of 9.4%. While crop prices for next year have yet to be finalised and could trend higher, we believe resilient demand and disciplined cost management should help sustain stable earnings in FY2027," says Chee. Chee, whose earlier bullish views that the re-rating of this stock is based on possible value-unlocking corporate actions, has maintained his view that this is so. " The group owns high quality beer and F& B assets that, in our view, could command higher valuations under the right corporate structure or listing strategy. However, the timing of such initiatives remains uncertain and will likely depend on market conditions and underlying business performance," he says. Meanwhile, Chu Peng of OCBC Group Research has kept her " buy" call and 55 cents fair value. She expects Thai Beverage to see continued recovery in sales volumes for both spirits and beer, following earlier disruptions from border conflicts between Thailand and Cambodia, as well as adverse weather conditions in Vietnam. Lower raw material costs on molasses and malt in FY2026 should support the company&rsquo s recovery and help offset softer demand. She notes that Thai Beverage has secured supply of molasses, required for spirits production, at prices around 40% compared to the year earlier. The company' s beer production has also secured malt at an attractive cost level through whole of the year. Similarly, Meghana Kande and Lim Siew Khee of CGS International, citing Thai Beverage&rsquo s resilient margin position which anchors earnings growth, despite quarterly volatility in volumes, have maintained their " add" call. They have also held their target price at 58 cents, which is based on 12x FY2027 earnings. For them, re-rating catalysts include margin expansion from lower input costs and potential value-unlocking, such as the long-talked about IPO of its beer business. On the other hand, downside risks include heightened competition eroding market share, macro weakness impacting volumes, and margin pressure from higher SG& A and input costs.
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tongphlp Supreme	19-May-2026 15:13        tongphlp About Contact  Quote this Post!
x 0   x 0  Alert Admin	ok, i will stick with wusu.. francisd      ( Date: 19-May-2026 13:47) Posted: Wow!! then the public will drink more Chang. sengkang      ( Date: 19-May-2026 09:55) Posted: Maybe beerco listing revived? Hahah
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francisd Master	19-May-2026 13:47        francisd About Contact  Quote this Post! Style: Combined   Mood: Yells: "BUY LOW SELL HIGH"
x 0   x 0  Alert Admin	Wow!! then the public will drink more Chang. sengkang      ( Date: 19-May-2026 09:55) Posted: Maybe beerco listing revived? Hahaha francisd      ( Date: 19-May-2026 09:36) Posted: This counter has high volume for the last two days and inching up.. any update guys?
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tongphlp Supreme	19-May-2026 11:45        tongphlp About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tiger or Chang Speediman      ( Date: 19-May-2026 10:51) Posted: Beer results looking good in latest report Chances are looking good Hot season beer consumption will increase sengkang      ( Date: 19-May-2026 09:55) Posted: Maybe beerco listing revived? Hahah
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Speediman Veteran	19-May-2026 10:51        Speediman About Contact  Quote this Post!
x 0   x 0  Alert Admin	Beer results looking good in latest report Chances are looking good Hot season beer consumption will increase sengkang      ( Date: 19-May-2026 09:55) Posted: Maybe beerco listing revived? Hahaha francisd      ( Date: 19-May-2026 09:36) Posted: This counter has high volume for the last two days and inching up.. any update guys?
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SDEXXXXD Veteran	19-May-2026 10:14        SDEXXXXD About Contact  Quote this Post!
x 1   x 0  Alert Admin	thai govt giving out money https://www.theedgesingapore.com/news/global-economy/thai-growth-unexpectedly-jumps-officials-warn-wars-impact
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sengkang Master	19-May-2026 09:55        sengkang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Maybe beerco listing revived? Hahaha francisd      ( Date: 19-May-2026 09:36) Posted: This counter has high volume for the last two days and inching up.. any update guys?
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francisd Master	19-May-2026 09:36        francisd About Contact  Quote this Post! Style: Combined   Mood: Yells: "BUY LOW SELL HIGH"
x 0   x 0  Alert Admin	This counter has high volume for the last two days and inching up.. any update guys?
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Joelton Supreme	15-May-2026 11:00        Joelton About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thai Beverage' s 1HFY2026 earnings lower on impairment Thai Beverage has reported earnings of 14.25 billion baht for its 1HFY2026 ended March, down 3.2% from the year earlier' s 14.7 billion baht, as the company booked an impairment loss from discontinued operations. Net profit from normal business operations, meanwhile, was up 7.8% to 19.2 billion baht, driven by stronger sales of spirits, and also lower raw material costs. Revenue in the same period was down 2.5% yo 173.2 billion baht, attributed to softer beer sales. The company plans to maintain its interim dividend at 0.15 baht per share. Thai Beverage notes that its domestic economy enjoyed overall expansion thanks to higher levels of private investments and stronger domestic consumption. " However, the impact of the conflict between Thailand and Cambodia, which affected border trade, tourism, and investment, along with persistently high household debt, remained significant challenges to Thailand&rsquo s overall economic recovery," the company warns. Elsewhere, the economies of Vietnam, Malaysia, and Singapore - Thai Beverage' s key international markets - continued to grow during the period. " However, all three countries continued to face external risks, including geopolitical uncertainties, US trade policies, and the impacts of climate change," the company says. Thai Beverage believes that the alcoholic and non-alcoholic beverage industries in Thailand continue to face challenges, with growth expected to moderate in line with the partial recovery of the economy and tourism sector. Meanwhile, in Vietnam, the alcoholic beverage industry continues to face intense competition, alongside regulatory requirements. Thai Beverage shares closed at 42 cents on May 14, unchanged for the day but down more than 10% year to date.
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tongphlp Supreme	15-May-2026 06:44        tongphlp About Contact  Quote this Post!
x 0   x 0  Alert Admin	might as well throw in a ctn of free beer... PiRPiR      ( Date: 14-May-2026 21:34) Posted: ExDiv 26May 0.15baht payable 12Jun
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PiRPiR Master	14-May-2026 21:34        PiRPiR About Contact  Quote this Post!
x 0   x 0  Alert Admin	ExDiv 26May 0.15baht payable 12Jun
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spursfan Supreme	14-May-2026 20:34        spursfan About Contact  Quote this Post!
x 0   x 0  Alert Admin	1HFY2026  https://links.sgx.com/1.0.0/corporate-announcements/FKTYG3IW7P4PGNSI/888907_1HFY2026_Financial%20Result_Presentation.pdf
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Alignment Elite	13-May-2026 19:31        Alignment About Contact  Quote this Post! Style: Fundamental
x 1   x 0  Alert Admin	Cheap stocks can continue to get cheaper unless there is a catalyst that turns things round.
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tongphlp Supreme	13-May-2026 13:05        tongphlp About Contact  Quote this Post!
x 0   x 0  Alert Admin	or BYE Angsana_Anderson      ( Date: 13-May-2026 09:35) Posted: ThaiBev: After falling -50%, is it time for me to buy? It is 2016. You are lying on the beach in Phuket. Hot sweltering heat. Cold refreshing beer. Paradise on earth. Back in your office, you discovered ThaiBev brews your favourite beer in Thailand. Chang and its rival Singha form a cosy duopoly. Your heart skipped a beat when you realised ThaiBev is listed in Singapore. Despite its seemingly expensive NTM P/E of 20x, you bought a significant block. After all, you know the product well. The company has steadily grown its revenue by ~6% p.a. over the past 10 years. Surely, 20x P/E is not that expensive for such a quality stable stock? Fast forward 10 years, you have suffered a total loss of -20%. What happened? More importantly, with its NTM P/E at an all-time low of 9x, is ThaiBev finally cheap enough to buy? I decided to pass because near-term demand looks weaker than expected, but capex continues to increase. While management has a great track record in Thailand, their capital allocation outside Thailand has delivered disappointing returns so far. I discuss in detail here:  https://angsanaanderson.substack.com/p/thaibev-after-falling-50-is-it-time?r=5rl2u5
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