Elevator Pitch
Thai Beverage Public Co., Ltd. (OTCPK:TBVPY) (OTCPK:TBVPF) [THBEV:SP] is the largest alcoholic drinks company in Thailand with leading market shares in the domestic spirits and beer market segments.
Thai Beverage has significantly out-performed the benchmark Singapore Straits Times Index year-to-date, with a 51.6% increase in its share price (excluding dividends) versus a 1.4% rise in the Straits Time Index over the same period. With positives associated with the growth in domestic spirits and beer volumes and the improved profitability of the Non-alcoholic beverages business being priced in, Thai Beverage