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Is Thai Beverage worth drinking to?

The spirits giant is finally making good money from beer, but the biggest risk is its Thailand concentration

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 (

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