Phillip Securities analyst Paul Chew has maintained their bullish stance on TBVPF stock, giving a Buy rating on November 27.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Paul Chew’s rating is based on a combination of factors that highlight both challenges and opportunities for Thai Beverage Public Co. Despite external shocks that have impacted demand and led to results falling below expectations, the company has shown resilience in certain areas. Beer earnings have grown significantly, driven by increased contributions from Thailand and cost-cutting measures in distribution and administration.
While there are notable weaknesses in the spirits segment, with volumes declining due to external factors such as the border dispute with Cambodia, the company is expected to recover in FY26. This recovery is anticipated to be supported by reductions in marketing expenses and improved gross margins as raw material prices decrease. Additionally, the company is gaining market share in Vietnam, and upcoming election activities in Thailand are likely to stimulate consumption, providing further growth opportunities despite the current weak consumer spending environment.
In another report released on November 27, CGS-CIMB also reiterated a Buy rating on the stock with a S$0.58 price target.