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CGS-CIMB upgrades ThaiBev to 'add' as share price back at low levels

Fiona Lam

Fiona Lam

Published Thu, Sep 24, 2020 · 09:50 PM
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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.

KEYWORDS IN THIS ARTICLE

Alcohol

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