ThaiBev expects Covid-19 to accelerate off-premise sales
On-trade sales unlikely to rebound quickly despite easing of lockdown measures
Singapore
AS Thai Beverage Public Co (ThaiBev) sees business being hit amid government measures to contain the virus outbreak, it is expecting off-premise consumption to become the new normal.
Off-trade consumption is likely to be accelerated as consumers become more accustomed to purchasing online or from supermarkets during the lockdown, according to ThaiBev at its online results briefing last Friday.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Far East Orchard net profit up 46.8% to S$6.9 million in Q1
US dollar inches up; Aussie, yen slide
Singapore architectural firm wins US$28 million deal to light up mega theme park in Saudi Arabia
Cordlife hiring more technical and laboratory staff to ‘strengthen core processes’
Tesla’s China-made EV sales fall 18% y/y in April
Singapore stocks end lower even as regional markets rally; STI slips 0.1%