CGS-CIMB upgrades ThaiBev to 'add' as share price back at low levels
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Fiona Lam
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
IT'S now "back to happy hour" for shares of beer and liquor maker Thai Beverage Public Co (ThaiBev), as the stock price has fallen to trade below its minus-two standard deviation level, said CGS-CIMB.
The dwindling number of daily Covid-19 cases in the group's major markets, Thailand and Vietnam, also bodes well for recovery in those countries.
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