Thai Beverage - Cheers To Reopening; Reinstate Coverage With BUY

Thai Beverage - DBS Research 2022-11-18: Cheers To Reopening; Reinstate Coverage With BUY

Thai Beverage - Cheers To Reopening; Reinstate Coverage With BUY

SGinvestors.io

Published: 2022-11-28 06:51 PM

THAI BEVERAGE PUBLIC CO LTD (SGX:Y92) FRASER AND NEAVE, LIMITED (SGX:F99) FRASER AND NEAVE, LIMITED (SGX:F99)

- Read this at SGinvestors.io -

We expect Thai Beverage to report its FY22 (Oct 2021 to Sep 2022) earnings on or around 25 November. (See Earnings calendar of SGX listed companies.)

- Read this at SGinvestors.io -

Along with our expectations of a 9% net profit growth for FY22F, we are penciling in a final dividend of Bt0.40 (2H21: Bt0.35). See Thai Beverage's Dividend History. Along with the interim dividend of Bt0.15 paid, this equates to a total of Bt0.55 dividend in FY22, 10% up from FY21’s Bt0.50.

Gearing is not an issue for Thai Beverage, even without BeerCo IPO

Is the market concerned about Thai Beverage’s gearing in the face of rising interest rates?

Read more at SGinvestors.io.

Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.

SGinvestors.io

Andy SIM CFA DBS Group Research | Singapore Research Team DBS Research | DBS Research | https://www.dbs.com/insightsdirect/ 2022-11-18

Read also DBS's most recent report:
2025-05-13 Thai Beverage - Navigating Challenging Consumer Environment.

Previous report by DBS:
2024-11-22 Thai Beverage - Recovery Signals Re-rating; The Best Is Yet To Come.

Price targets by 3 other brokers at Thai Beverage Target Prices.

Listing of research reports at Thai Beverage Analyst Reports.

Relevant links:
Thai Beverage Share Price History,
Thai Beverage Announcements,
Thai Beverage Dividend Payout Dates & Corporate Actions,
Thai Beverage News

Thai Beverage - DBS Research 2022-11-18: Cheers To Reopening; Reinstate Coverage With BUY