The final time that I coated ThaiBev share value was in December 2019. That was a very long time in the past and an SG Wealth Builder Lifetime Member has requested for a protection on this counter, which has just lately plunged right into a devastating 11-year low. What on earth has occurred to this evergreen Straits Occasions Index (STI) element?
For background, ThaiBev is Thailand’s largest and main beverage producer and distributor. Since 2006, ThaiBev has been listed in SGX mainboard and was included in STI in 2016, having changed IHH Healthcare. In 2013, ThaiBev made waves when the Group, underneath the management of Thai billionaire, Charoen Sirivadhanabhakdi, acquired Singapores’ F&N. As we speak, ThaiBev has presence in over 90 international locations, with abroad alcoholic manufacturing amenities in Scotland, France, Myanmar, Vietnam and China. ThaiBev’s enterprise includes 4 segments – spirits, beer, non-alcoholic drinks, and meals.
ThaiBev share value
Again in December 2019, ThaiBev share value was truly buying and selling at $0.90. 5 years later, the counter has corrected by a whopping 50%, inflicting…
