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Thailand's lower House passes bill to free up liquor production
Bloomberg Published on Wed, Jan 15, 2025 / 09:30 PM GMT+08 / Updated 47 minutes ago
Thailand?s House of Representatives passed a bill to promote liquor production by small entrepreneurs, a move Prime Minister Paetongtarn Shinawatra said will help unshackle the monopoly in the nation?s alcoholic beverage industry and support the rural economy.
The legislation will pave the way for individual entrepreneurs, cooperatives and farmer groups among others to secure license to produce and trade all types of liquor. The bill received a near unanimous house approval with 415 lawmakers out of 420 present voting in its favour. The legislation will now be forwarded to the senate for its consideration.
Opening of micro breweries and small distilleries may eat into the market share of Thai Beverage and Boon Rawd Brewery, which dominate Thailand?s beer and spirits industries. Paetongtarn hailed the parliamentary nod for the bill, saying it will open up opportunities for farmers to sell agricultural products and spices as raw materials to the new producers.
An easier licensing regime might also be a boon for restaurants and pubs in developing niche alcoholic beverages to cater to the millions of foreign tourists visiting the country annually. Previous attempts to lower entry barriers for small producers included the removal of minimum capital requirement and production capacity in 2022.
In 2023, domestic alcoholic drinks totalled 2.97 billion litres valued at US$16.3 billion, according to a report by Krungsri Research. Beer accounted for about 55.8% of the value of total sales with spirits making up 36.1%, the report said.
Once the parliamentary approval is in place, several ministerial regulations will need to be issued before authorities can begin issuing permits, said Chanin Rungtanakiat, a member of the ruling Pheu Thai Party who chaired a lawmaker panel steering the bill.
The bill could come into effect by October if the Excise Department and related agencies issue rules in a timely manner, according to Taopiphop Limjittrakorn, a member of the opposition People?s Party, who has led a campaign to dismantle liquor monopoly.
Bloomberg Published on Wed, Jan 15, 2025 / 09:30 PM GMT+08 / Updated 47 minutes ago
Thailand?s House of Representatives passed a bill to promote liquor production by small entrepreneurs, a move Prime Minister Paetongtarn Shinawatra said will help unshackle the monopoly in the nation?s alcoholic beverage industry and support the rural economy.
The legislation will pave the way for individual entrepreneurs, cooperatives and farmer groups among others to secure license to produce and trade all types of liquor. The bill received a near unanimous house approval with 415 lawmakers out of 420 present voting in its favour. The legislation will now be forwarded to the senate for its consideration.
Opening of micro breweries and small distilleries may eat into the market share of Thai Beverage and Boon Rawd Brewery, which dominate Thailand?s beer and spirits industries. Paetongtarn hailed the parliamentary nod for the bill, saying it will open up opportunities for farmers to sell agricultural products and spices as raw materials to the new producers.
An easier licensing regime might also be a boon for restaurants and pubs in developing niche alcoholic beverages to cater to the millions of foreign tourists visiting the country annually. Previous attempts to lower entry barriers for small producers included the removal of minimum capital requirement and production capacity in 2022.
In 2023, domestic alcoholic drinks totalled 2.97 billion litres valued at US$16.3 billion, according to a report by Krungsri Research. Beer accounted for about 55.8% of the value of total sales with spirits making up 36.1%, the report said.
Once the parliamentary approval is in place, several ministerial regulations will need to be issued before authorities can begin issuing permits, said Chanin Rungtanakiat, a member of the ruling Pheu Thai Party who chaired a lawmaker panel steering the bill.
The bill could come into effect by October if the Excise Department and related agencies issue rules in a timely manner, according to Taopiphop Limjittrakorn, a member of the opposition People?s Party, who has led a campaign to dismantle liquor monopoly.
https://www.reuters.com/world/asia-pacific/thai-cabinet-approves-draft-law-legalise-casinos-gambling-pm-says-2025-01-13/
Scooped some @ 54.5.
vivacious ( Date: 10-Jan-2025 09:36) Posted:
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gd price to enter
Vietnam welcomed 17.58 million foreign tourists in 2024, a 39.5% increase year-on-year and reaching 97.6% of pre-Covid levels
The Tourism Authority of Thailand (TAT) proudly announces that international tourist arrivals have surpassed the target of 35 million visitors in 2024, generating over 1.8 trillion Baht in tourism revenue.
Vietnam and Thailand both in AFF finals.
Thai Bev should post good numbers for Q4 2024.
The Tourism Authority of Thailand (TAT) proudly announces that international tourist arrivals have surpassed the target of 35 million visitors in 2024, generating over 1.8 trillion Baht in tourism revenue.
Vietnam and Thailand both in AFF finals.
Thai Bev should post good numbers for Q4 2024.
Ha ha ha ha belive the Americans at your own peril. It always has its own agenda for its own benefits.
I am holding the shares fro long term. Like smoking, drinking is a die-hard habit. One need not smoke or drink to contract cancer!
I am holding the shares fro long term. Like smoking, drinking is a die-hard habit. One need not smoke or drink to contract cancer!
bishan22 ( Date: 05-Jan-2025 10:29) Posted:
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Many doctors also enjoy wine and Brandy...nothing to worry ...
investshare ( Date: 04-Jan-2025 18:11) Posted:
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Are there less smokers now when smoking is known to cause cancer?
investshare ( Date: 04-Jan-2025 18:11) Posted:
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This is going to crash .. there is no safe amount of alcohol!
CNN
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US Surgeon General Dr. Vivek Murthy issued an advisory Friday warning Americans that alcohol consumption can increase their cancer risk and called for an updated health warning label on alcoholic beverages.
CNN
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US Surgeon General Dr. Vivek Murthy issued an advisory Friday warning Americans that alcohol consumption can increase their cancer risk and called for an updated health warning label on alcoholic beverages.
It will break the $0.70
vicloo ( Date: 03-Jan-2025 18:04) Posted:
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Hope breaking 52w high 60c soon
n3wbie ( Date: 02-Jan-2025 14:38) Posted:
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thanks for sharing bro!
n3wbie ( Date: 02-Jan-2025 14:38) Posted:
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Goldman Sachs upgraded to Buy rating and raised TP from 60c to 72c.
DBS also added it to their blue-chip model portfolio today -
Thai Beverage: Add 46,000 shares to Blue Chips
We pick the stock for its value unlocking potential from its attractive beer and F& B assets as well as improving dynamics of its beer operations in both Vietnam and Thailand. Our analyst thinks a Beer Co IPO may be on the cards, in addition to a F& B Co IPO that may potentially unlock > SGD3.4bn in value. Thai Bev&rsquo s earnings in FY25 is anticipated to recover 13% y/y, a positive U-turn from single digit contractions in the past 2 years. Technical support at SGD0.525~0.545 suggests little to no downside at the current level. Our analyst has a SGD0.77 12-mth target price.
DBS also added it to their blue-chip model portfolio today -
Singapore Equity Picks
Thai Beverage: Add 46,000 shares to Blue Chips
We pick the stock for its value unlocking potential from its attractive beer and F& B assets as well as improving dynamics of its beer operations in both Vietnam and Thailand. Our analyst thinks a Beer Co IPO may be on the cards, in addition to a F& B Co IPO that may potentially unlock > SGD3.4bn in value. Thai Bev&rsquo s earnings in FY25 is anticipated to recover 13% y/y, a positive U-turn from single digit contractions in the past 2 years. Technical support at SGD0.525~0.545 suggests little to no downside at the current level. Our analyst has a SGD0.77 12-mth target price.
john_ric ( Date: 02-Jan-2025 14:31) Posted:
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today up with volume. hmmm something is brewing.
Down for whole Dec.... no year-end celebratory 🍻 cheers??
Presumably so which is itself quite common. Can always look at NTA but one shouldnt be valuing the stock based on that
desmlee ( Date: 04-Dec-2024 23:24) Posted:
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70 Cents was the estimate cancelled IPO breakdown price.
Reckon that shortist need to cover up to is 70 cents.
Beerco is expected to post a good FY result, setting the stage for IPO
Reckon that shortist need to cover up to is 70 cents.
Beerco is expected to post a good FY result, setting the stage for IPO
will rebound very soon - profit taking drying up
Believe the goodwill on balance sheet is due to the acquisitions over the years?
finjungle ( Date: 04-Dec-2024 14:45) Posted:
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Buy on weakness