Thai Beverage - UOB Kay Hian 2024-11-22: Stable FY24 Performance, Positive FY25 Outlook.

Thai Beverage - Stable FY24 Performance, Positive FY25 Outlook.

Published:
Thai Beverage (SGX:Y92) | SGinvestors.io
  • For FY24, Thai Beverage reported higher overall revenue (+2.2% y-o-y), driven by stronger revenue contributions across all beverage and food segments.
  • FY24 EBITDA (+4.5% y-o-y) was also higher, driven by improved operational efficiencies from the beer and non-alcoholic beverage (NAB) segments but offset by soft performances from the spirits and food segments. As a result, FY24 EBITDA margin expanded slightly by 0.4ppt y-o-y.

Higher dividend declared.

  • - Read this at SGinvestors.io -
  • Also, the higher income taxes were largely due to the expiry of certain tax benefits.
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  • Spirits segment: Soft performance.

    • 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/.



    Llelleythan Tan UOB Kay Hian Research | Heidi Mo UOB Kay Hian Research | https://research.uobkayhian.com/ 2024-11-22



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

    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






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