Thai Beverage Should Benefit as International Borders Reopen -- Market Talk
Thai Beverage Should Benefit as International Borders Reopen -- Market Talk
0834 GMT - Thai Beverage's earnings could benefit as the country reopens its borders, UOB Kay Hian says. Thailand plans to reopen international borders to 10 countries, including the U.S., the U.K., China and Singapore, in November, which should boost the tourism sector. The brokerage also expects the country to loosen its ongoing alcohol ban and to reopen bars and other nightlife venues. The arrival of vaccinated tourists should help demand for alcohol products. UOB Kay Hian keeps a buy rating and S$0.92 target price on ThaiBev, whose shares are 0.7% higher at S$0.72. (yongchang.chin@wsj.com)
0834GMT-大華銀行凱賢(UOB Kay Hian)表示，隨着泰國重新開放邊境，泰國飲料的收益可能會受益。泰國計劃在11月向包括美國、英國、中國和新加坡在內的10個國家重新開放國際邊境，這應該會提振旅遊業。該經紀公司還預計，中國將放鬆正在進行的禁酒令，並重新開放酒吧和其他夜生活場所。接種疫苗的遊客的到來應該會促進對酒類產品的需求。大華銀行Kay Hian維持對ThaiBev的買入評級和0.92新元的目標價，ThaiBev的股價上漲0.7%，至0.72新元。(yongchang.chin@wsj.com)
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