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: 2022-11-29 02:51 AM

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

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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.)

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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?

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

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:
2023-11-24 Thai Beverage - Investing To Strengthen Spirits Brand.

Previous report by DBS:
2023-11-20 Thai Beverage - Load Up Before Price Increase.

Price targets by 4 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 Dividends & Corporate Actions,
Thai Beverage News Articles

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