0419 GMT - Thai Beverage's beer sales volumes should be supported by improving tourism activity in Thailand and Vietnam, CGS International analysts write in a note. The Singapore-listed beverage company's beer sales volumes are forecast to rise 7% in 2025, they add. In January and February, Thailand's tourist arrivals increased by approximately 6% on year, while Vietnam saw a 30% rise, the analysts note. Thailand is also aiming to attract 40 million tourists this year, about 13% higher than the previous year, they say. The brokerage maintains an "add" rating on the stock with a target price of S$0.58. Shares were last flat at S$0.52. (amanda.lee@wsj.com)
(END) Dow Jones Newswires
March 24, 2025 00:19 ET (04:19 GMT)
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