0212 GMT - Thai Beverage's outlook appears positive due to its strong market leadership in Thailand and Vietnam, says RHB Singapore analyst Alfie Yeo in a note. There should be steady demand from the Singapore-listed beverage company's beer business in both countries, Yeo writes. This includes a tourism rebound in Thailand and a broader sales network in northern and rural Vietnam, Yeo says. There is also likely to be lower input costs and improving gross margins, Yeo adds. This is due to raw material inputs, which were hedged at higher prices, set to lapse over the coming months, Yeo says. RHB maintains the stock's buy rating and target price of S$0.71. Shares are up 1.0% at S$0.52.(amanda.lee@wsj.com)
(END) Dow Jones Newswires
March 04, 2025 21:12 ET (02:12 GMT)
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