Thai Beverage - UOB Kay Hian 2023-06-13: International Tourist Arrivals Set To Improve

• International tourist arrivals to Thailand and Vietnam are set to improve as Chinese tourists return, boosting on-trade alcohol consumption volumes.
• Move Forward Party’s recent electoral win may see Thai Beverage cede market share to new smaller entrants, but is unlikely to have a significant impact given Thai Beverage’s commanding market share.
• - Read this at SGinvestors.io -

Slight dip in tourist arrivals.

• - Read this at SGinvestors.io -
• Chinese tourist arrivals to Thailand continued its sharp recovery, surging 21.7% m-o-m and 36.7x y-o-y in Apr 23. We opine that the elevated tourist arrivals may help boost and support domestic alcohol consumption levels. We expect 28m-30m tourist arrivals in 2023, roughly 70-75% of the 40m arrivals pre-pandemic.

Impending change.

• Read more at SGinvestors.io.

Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Read also UOB's most recent report:
2025-02-17 Thai Beverage's Mixed 1QFY25 Results In Line - Beer & NAB Outperform; Spirits Underperform.

Previous report by UOB:
2024-11-22 Thai Beverage - Stable FY24 Performance, Positive FY25 Outlook..

Price targets by 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