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Thailand. ThaiBev kept at ‘buy’ by DBS with 82 cents target

DBS Vickers Securities is keeping its “buy” call on Thai Beverage with a target price of 82 cents.

The brokerage and research house is positive on the growth potential of Thai Beverage as the maker of Chang Beer takes steps to transform into a regional beverage player.

“In our view, we believe Thai Beverage should have an advantage over its peers given its dominant position as the leading spirits player in Thailand, providing it with ample firepower and serving as a bastion for the company while it invests in new avenues of growth,” the brokerage says.

As at 4.19pm, the stock is trading 1.45% higher at 70 cents while the benchmark Straits Times Index is up 0.15%.

1 Mar. 2016

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