Earnings Report /
Thailand

Thai Beverage: Recovery except for spirits

  • Beer recovered on both volume and price increases

  • Our target is pegged at 18x FY22e earnings, its 5-year average

  • No change to our FY22e forecast

Paul Chew
Paul Chew

Head of Research

PhillipCapital
15 August 2022
Published byPhillipCapital

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