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MONDAY MULTIPLE

Is Thai Beverage worth drinking to?

The spirits giant is finally making good money from beer, but the biggest risk is its Thailand concentration
Monday, May 23, 2016 - 05:50
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The rebranded Chang Classic, lighter in alcohol content and less bitter, targeted a younger and wealthier age bracket. By end-March this year, Chang's market share had risen to around 40 per cent, according to management.

TEN years ago, the Singapore Exchange (SGX) scored a coup. Thailand's largest brewer Thai Beverage, or ThaiBev, ditched plans to list in the Buddhist nation for the Singapore bourse, following protests back home against its alcohol-centric business.

The ThaiBev initial public offering (