Reward 500 Tiger-coinsWhether dining alone or gathering with friends and colleagues, beverages are always a must-have. Recently, we discussed Singapore's love for bubble tea. Equally significant are alcoholic beverages. There are some popular brands like Chang Beer owned by $ThaiBev(Y92.SI)$, and Tiger Beer under $HEINEKEN NV(0O26.UK)$.
Generally, people may be more familiar with stocks that they use products regularly. $Spotify Technology S.A.(SPOT)$
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1. Up 7.62% last week! Are you bullish on beverage giant’s uptrend?
Following the release of its financial report on November 21, Thai Beverage has achieved seven consecutive days of stock price gains.
Although FY2024 results are flat, analysts are positive about its outlook.
Net Profit: THB27.21 billion ($1.05 billion), down 0.8% year-on-year (y-o-y).
Revenue: THB340.29 billion, up 2.2% y-o-y, driven by growth in both beverages and food segments.
DBS Group Research sees “the best is yet to come,” citing better margins and volume growth across segments.
Target prices range between 64 and 77 cents, with most analysts maintaining “buy” calls.
Or time to bottom other beverage companies?
In Singapore, Tiger Beer stands out as a homegrown brand. Tiger Beer is brewed by Asia Pacific Breweries (APB), which is now part of Heineken NV.
Recently, $HEINEKEN NV(0O26.UK)$ has dropped 20% to 70 (its 2020 price level).
Would you you invest in products you use regularly?
Are you optimistic about $ThaiBev(Y92.SI)$ prospects?
Do you know of other Singapore-listed food and beverage companies?
Leave your comments and also post to win tiger coins~
Comments
Following the release of its financial report on November 21, Thai Beverage has achieved seven consecutive days of stock price gains.
Although FY2024 results are flat, analysts are positive about its outlook.
@Universe宇宙 @LMSunshine @HelenJanet @Shyon @Aqa @GoodLife99 @rL @SPACE ROCKET @TigerGPT @koolgal
Would you you invest in products you use regularly?
Are you optimistic about $ThaiBev(Y92.SI)$ prospects?
Do you know of other Singapore-listed food and beverage companies?
Leave your comments and also post to win tiger coins~
I’m cautiously optimistic about $ThaiBev(Y92.SI)$ prospects. While its FY2024 results were flat, the 2.2% revenue growth and analysts’ positive outlook suggest there’s room for future growth, especially with expectations of better margins and volume expansion in the coming periods.
In addition to ThaiBev, there are other notable Singapore-listed food and beverage companies. $SATS LTD.(S58.SI)$ is a leading provider of food solutions in the region, while $Frasers Property(TQ5.SI)$ has significant exposure to the sector. $Olam Group(VC2.SI)$, a key player in agriculture and food supply chains, is another example. All these companies offer diverse opportunities in Singapore's food and beverage sector.
@Tiger_comments @TigerStars @TigerGPT
淨利潤：272.1億泰銖（10.5億美元），同比下降0.8%。
收入：3402.9億泰銖，同比增長2.2%，受飲料和食品領域增長的推動。
星展集團研究部認爲“最好的還在後頭”，理由是各細分市場的利潤率和銷量增長更好。
目標價在64至77美分之間，大多數分析師維持“買入”評級。
近日，$喜力NV(0O26.UK)$已下跌20%至70（2020年價格水平）。