$ThaiBev(Y92.SI)$ ThaiBev (Y92

2024-03-01

$ThaiBev(Y92.SI)$ ThaiBev (Y92.SI) has recently navigated some choppy waters. While the company reported an increase in ebitda for the first quarter of FY2024, beer sales, a key revenue driver, fell short of expectations. This triggered analyst downgrades and a slight dip in the share price.

Headwinds and Revisions:

Several analysts have revised their target prices and earnings estimates for ThaiBev downwards. This primarily stems from the disappointing beer sales figures.

RHB Research lowered their target price from S$0.82 to S$0.76, while CGS-CIMB Research changed their recommendation from "Add" to "Hold" due to unmet sales expectations. @TigerStars @MillionaireTiger @TigerEvents @Tiger_SG

Marching into March: How Will the Stock Market Fare?

$S&P 500(.SPX)$ has risen for 4 consecutive months. February seems to have broken the spell of its worst performance. Last year, March witnessed a bank run. This year's March also faces the test of elections. How will March fare? How do you expect March?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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