Elevator Pitch
Singapore-listed Thai Beverage Public Co., Ltd. (OTCPK:TBVPY) (OTCPK:TBVPF) [THBEV:SP] is the largest alcoholic drinks company in Thailand's domestic spirits and beer markets. Thai Beverage trades at 18.5 times consensus forward FY2020 P/E (YE September), which is on par with its historical five-year average forward P/E of approximately 19 times. The stock also offers a consensus forward FY2020 dividend yield of 2.7%.
Please refer to my initiation article on Thai Beverage published on April 21, 2017, and my prior update on the stock published on August 26, 2019 for more