Thai Beverage's Earnings Growth to be Driven by Macro Fundamentals

Dow Jones

Aug 24

0422 GMT - Thai Beverage's long-term earnings growth is set to be supported by macroeconomic fundamentals in Thailand and Vietnam, RHB Research analyst Alfie Yeo says in a report. The Singapore-listed beer maker would gain from Thailand's growing economy, noting that RHB's economics team pencils in a 1.8% 2026 growth forecast for Thailand, which could be lifted to 2.2% amid officials' growth upgrades recently. Yeo also notes that the Asian Development Bank and World Bank have forecast strong GDP growth for Vietnam in the next few years. These would help support consumption demand and sales volume for Thai Beverage, he adds. Thailand and Vietnam are among the company's biggest markets. RHB maintains its buy rating on the stock and target price of 56 Singapore cents. Shares are flat at S$0.47.

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The Singapore-listed beer maker would gain from Thailand's growing economy, noting that RHB's economics team pencils in a 1.8% 2026 growth forecast for Thailand, which could be lifted to 2.2% amid officials' growth upgrades recently. Yeo also notes that the Asian Development Bank and World Bank have forecast strong GDP growth for Vietnam in the next few years. These would help support consumption demand and sales volume for Thai Beverage, he adds. Thailand and Vietnam are among the company's biggest markets. RHB maintains its buy rating on the stock and target price of 56 Singapore cents. Shares are flat at S$0.47.</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Thai Beverage's Earnings Growth to be Driven by Macro Fundamentals</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThai Beverage's Earnings Growth to be Driven by Macro Fundamentals\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-08-24 12:22</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>0422 GMT - <a href=\"https://laohu8.com/S/Y92.SI\">Thai Beverage</a>'s long-term earnings growth is set to be supported by macroeconomic fundamentals in Thailand and Vietnam, RHB Research analyst Alfie Yeo says in a report. The Singapore-listed beer maker would gain from Thailand's growing economy, noting that RHB's economics team pencils in a 1.8% 2026 growth forecast for Thailand, which could be lifted to 2.2% amid officials' growth upgrades recently. Yeo also notes that the Asian Development Bank and World Bank have forecast strong GDP growth for Vietnam in the next few years. These would help support consumption demand and sales volume for Thai Beverage, he adds. Thailand and Vietnam are among the company's biggest markets. RHB maintains its buy rating on the stock and target price of 56 Singapore cents. Shares are flat at S$0.47.</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"Y92.SI","symbol_name":"泰国酿酒","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2661924006","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2661924006","pubTimestamp":1787545320,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0422 GMT - Thai Beverage's long-term earnings growth is set to be supported by macroeconomic fundamentals in Thailand and Vietnam, RHB Research analyst Alfie Yeo says in a report. 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