Published:
Staying afloat: Why Bangkok turmoil won't drown ThaiBev
But things may change if unrest broadens.
The current political unrest in Bangkok will not significantly affect Thai Beverage’s near-term revenue growth, which is pegged at 5.2% in FY14F and 6.3% in FY15F.
A report by OCBC Investment Research noted that ThaiBev can breathe easy because political unrest is mainly limited to Bangkok, whereas the company’s sales take place in every province in Thailand.
However, the slight income dent may become substantial if protest actions expand to other areas.
The report further noted that spirits segment’s revenue consistently grew by 7.3%-16.6% even during the tumultuous FY08-FY13 period, which displays impressive growth resilience.
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