Thai Beverage Public Company stock | 2026 rating, price & analyst opinions

Thai Beverage Public...

SGX:Y92

$ 0,48

+ $0,01 (2,13%)

0,48 $

+$0,01 (2,13%)

End-of-day quote: 12/12/2025

Thai Beverage Public Company Stock Value

The current analyst recommendation for SGX:Y92 is: Outperform.

Outperform

Thai Beverage Public Company Company Info

EPS Growth 5Y

0,00%

Market Cap

$11,94 B

Long-Term Debt

$7,31 B

Quarterly earnings

02/13/2026

Dividend

$0,03

Dividend Yield

5,38%

Founded

2003

Industry

Consumer Staples

Country

Thailand

Website

Thai Beverage Public Company

ISIN Number

TH0902010014

Website

http://www.thaibev.com

Analyst Price Target

$0,58

20.83%

Last Update: 12/14/2025

Analysts: 15

Highest Price Target $0,75

Average Price Target $0,58

Lowest Price Target $0,44

In the last five quarters, Thai Beverage Public Company’s Price Target has fallen from $0,84 to $0,66 - a -21,43% decrease. Nine analysts predict that Thai Beverage Public Company’s share price will increase in the coming year, reaching $0,58. This would represent an increase of 20,83%.

Top growth stocks in the consumer staples sector (5Y.)

What does Thai Beverage Public Company do?

Thai Beverage Public Company Limited (THBEV) is a beverage company. The company primarily focuses on the production and distribution of both alcoholic and non-alcoholic beverages. With its extensive portfolio, THBEV plays a significant role in the beverage market across various segments, including beer, spirits, and non-alcoholic drinks. The company’s flagship beer brand, Chang, is well-known not only in Thailand but also in many international markets. In addition to alcoholic beverages, THBEV...

Thai Beverage Public Company Limited (THBEV) is a beverage company.

The company primarily focuses on the production and distribution of both alcoholic and non-alcoholic beverages. With its extensive portfolio, THBEV plays a significant role in the beverage market across various segments, including beer, spirits, and non-alcoholic drinks.

The company’s flagship beer brand, Chang, is well-known not only in Thailand but also in many international markets. In addition to alcoholic beverages, THBEV also produces a variety of non-alcoholic drinks such as soft drinks, teas, and other refreshing beverages.

The company operates various subsidiaries and joint ventures that further expand its product offerings and enhance its distribution capabilities. Furthermore, THBEV leverages strategic partnerships and acquisitions to diversify its product lines and expand its geographical presence, ensuring it remains competitive in the dynamic beverage industry. As a key player in the Southeast Asian market, THBEV's influence extends beyond Thailand, positioning it as a prominent contender on the global stage.

Business Segments

The company operates through several distinct business segments that enable it to diversify its offerings and cater to various consumer needs. The main segments include Alcoholic Beverages, Non-Alcoholic Beverages, and Food Production.

Alcoholic Beverages

This segment is the largest contributor to the company's revenue, with a rich portfolio that includes spirits, such as whiskey and rum, and beer, with Chang being its flagship beer brand. By leveraging traditional brewing methods alongside modern technology, the company ensures consistent quality in its product range. The company produces a variety of beers that appeal to different consumer preferences and seasonal demand, and its spirits line includes both locally crafted options and imported brands through strategic partnerships.

Non-Alcoholic Beverages

This segment also has a strong foothold in the non-alcoholic drinks market, producing soft drinks, juices, bottled water, and energy drinks. This segment focuses on innovation and health-conscious trends, which resonates with consumers. THBEV emphasizes sustainability and environmental responsibility in its production processes, particularly in water management and packaging reduction.

Food Production

Although primarily known for its beverage portfolio, THBEV has ventured into food production, particularly through its subsidiary that focuses on food services and related products. This segment supports the company's overall strategy by creating cross-selling opportunities and enhancing consumer reach through the food and beverage interface.

Geographical Segmentation

The company's operations are not confined to Thailand; the company is actively expanding into foreign markets, particularly in Southeast Asia. With a significant presence in countries such as Vietnam, Cambodia, and Singapore, the company is strategically positioned to tap into growing consumer demand in emerging markets.

Business Strategy

The company employs a multifaceted business strategy designed to strengthen its competitive advantage and ensure sustainable growth. This strategy focuses on market leadership in Southeast Asia while expanding its reach globally. A central aspect of the company's approach is its commitment to quality, innovation, and brand development.

Moreover, THBEV recognizes the importance of digital transformation in enhancing operational efficiency. By embracing technology, the company streamlines its supply chain processes and improves customer engagement through digital marketing strategies. This includes utilizing social media platforms and e-commerce solutions to connect with a broader audience, ensuring the brand remains relevant in an increasingly digital marketplace.

THBEV is also prioritizing market expansion through strategic acquisitions and partnership development. This not only includes acquisitions in new geographical areas but also vertical integration in the supply chain. By forging partnerships with local distributors and investing in local production facilities, THBEV is positioned to adapt to regional tastes and preferences, thus enhancing market penetration.

Products and Services

The company offers an extensive array of products and services that span alcoholic and non-alcoholic beverage categories, as well as food-related ventures.

Alcoholic Beverages

The primary offerings in this category include a comprehensive range of beers, spirits, and liquors. The company's flagship brand, Chang, is renowned for its distinct flavor and quality, appealing to both local and international consumers. The company produces a variety of other beer options, such as ales and stouts, catering to diverse consumer preferences. In the spirits sector, the product line includes whiskey, rum, and local liquors, reflecting traditional brewing techniques and innovative formulations.

Non-Alcoholic Beverages

The company also markets a variety of non-alcoholic beverages. This includes soft drinks, bottled water, fruit juices, energy drinks, and tea products. The non-alcoholic product line emphasizes health and wellness trends, with offerings designed to be refreshing yet mindful of consumer nutrition.

Food Services

Besides its beverage production, the company has ventured into the food sector through subsidiaries that offer food services and products. This expansion creates synergies within the beverage and food domains, fostering cross-selling opportunities and enhancing overall customer experience.

Geographical Markets Served

The company primarily serves Southeast Asian markets, with Thailand as its home base. Key markets include Vietnam, Cambodia, and Singapore, where the company is actively engaged in both alcoholic and non-alcoholic beverage markets.

Thailand

As the cornerstone of the company's operations, Thailand represents the largest market for its products. The company's extensive distribution network allows for widespread availability across urban and rural areas.

Vietnam

The company's expansion into Vietnam has been strategic, aiming to tap into a burgeoning consumer base with increasing disposable income and a growing demand for quality beverages.

Cambodia and Other Regions

The company is also exploring opportunities in Cambodia, enhancing its operations through the establishment of new subsidiaries focused on logistics and beverage holdings.

Subsidiaries

The company has incorporated five indirect subsidiaries, enhancing its operations and market presence in Cambodia. The establishment of these subsidiaries is part of THBEV’s strategic initiative to strengthen its footprint in Southeast Asia.

Cambodia Beverage Pte. Ltd. (CBPL)

Incorporated in Singapore, CBPL acts as an investment holding company primarily engaged in non-alcoholic business in Cambodia.

SEAL (Cambodia) Pte. Ltd. (SEALC)

Also incorporated in Singapore, SEALC focuses on logistics business in Cambodia, supporting the company's expansive distribution capabilities in the region.

SEAL (Cambodia) Logistics and Supply Chain Co., Ltd. (SEALC L&S)

This subsidiary is established in Cambodia for logistics functions, enhancing supply chain efficiency.

Industrial Beverage Pte. Ltd. (IBPL)

Another investment holding company based in Singapore, IBPL is set to engage in asset management within Cambodia.

ASMI (Cambodia) Industrial Management Co., Ltd. (ASMIC)

Based in Cambodia, ASMIC is involved in asset management, thereby diversifying the company's operational portfolio.

Seasonality

The company experiences seasonality in its sales and operational performance, largely influenced by cultural and social factors inherent in the markets it serves.

The demand for alcoholic beverages, particularly beer, tends to peak during festive seasons, holidays, and throughout the summer months when consumption of refreshing drinks surges. Additionally, national holidays and celebrations often lead to increased social gatherings, inherently boosting beverage consumption.

Customers

The company serves a diverse customer base that includes both retail consumers and businesses across various segments.

The categories of customers encompass individual consumers, food and beverage outlets, distributors, supermarkets, convenience stores, and international markets. Each of these segments requires tailored offerings to meet unique consumer preferences and operational needs.

THBEV leverages its extensive distribution network to ensure product availability across various retail channels, enhancing accessibility for customers. The company’s significant market presence, especially within Southeast Asia, indicates a broad and growing customer base.

Trade Names

The company is known for its flagship beer brand, Chang, which has become synonymous with quality and taste in the beverage industry.

Modes of Sales and Marketing

The company employs a multi-faceted approach to sales and marketing, integrating traditional and modern strategies to reach diverse consumer segments effectively.

The company utilizes traditional marketing channels, such as television and print advertisements, to promote its flagship products like Chang beer and other beverage offerings.

Additionally, digital marketing strategies play a crucial role in the company's marketing efforts. The company leverages social media platforms to engage with consumers, share promotional content, and gather feedback on products and services. E-commerce solutions are also utilized to facilitate online sales, catering to the growing trend of online shopping among consumers.

Distribution channels are meticulously planned, involving partnerships with wholesalers, distributors, supermarkets, convenience stores, and food service establishments. This extensive network ensures broad accessibility of THBEV’s products across various markets, enhancing consumer convenience.

Furthermore, THBEV focuses on in-store promotions, product placements, and sampling events to generate consumer interest and reinforce brand loyalty. By combining various sales and marketing approaches, THBEV effectively manages to stay connected with its consumers while adapting to the dynamic beverage market.

History

Thai Beverage Public Company Limited was founded in 2003. The company was incorporated in 2003.

Thai Beverage Public Company Questions and Answers

Which sectors generate sales and which are the top 3 markets?

Industry Revenues: Alcoholic beverages: approx. 55% Non-alcoholic beverages: approx. 25% Food: approx. 15% Distribution and other services: approx. 5% TOP 3 Markets and their Percentage Shares: Thailand: approx. 65% Vietnam: approx. 20% Singapore: approx. 10% Thai Beverage Public Company Limited...

At which locations are the company’s products manufactured?

Production Sites: Thailand Vietnam Myanmar Scotland Thai Beverage Public Company Limited, known as ThaiBev, mainly produces its products in Thailand, where the majority of its production facilities are located. This includes the manufacturing of both alcoholic and non-alcoholic beverages. In addit...

What strategy does Thai Beverage Public Company pursue for future growth?

Revenue Growth: Estimate 5-7% annually (2025-2027) Thai Beverage Public Company Limited is pursuing a growth strategy focused on diversifying its product portfolio and expanding geographically. The company plans to further expand its presence in the ASEAN markets, particularly in Vietnam and Myanmar...

Which raw materials are imported and from which countries?

Main raw materials: Sugar, barley, hops Import countries: Sugar: Thailand (local production), Brazil Barley: Australia, Canada Hops: USA, Germany Thai Beverage Public Company Limited is a leading company in the beverage industry that produces a variety of alcoholic and non-alcoholic beverages. The...

How strong is the company’s competitive advantage?

Market share in Thailand: 40% (estimated, 2025) EBITDA margin: 20% (estimated, 2025) Market position: Leading in Southeast Asia Thai Beverage Public Company Limited, known as ThaiBev, has a significant competitive advantage, especially in the domestic market of Thailand, where it holds an estimate...

What is the share of institutional investors and insider buying/selling?

Institutional Investor Share: 45% (estimated for 2025) Insider Buys/Sells: No significant changes in the last year The institutional investor share of Thai Beverage Public Company Limited is estimated to be around 45%. This demonstrates strong confidence from institutional investors in the company,...

What percentage market share does Thai Beverage Public Company have?

Market share of Thai Beverage: 18% (2025, estimated) Top competitors and their market shares: Thai Beverage Public Company Limited: 18% Carlsberg Group: 15% Heineken N.V.: 14% Anheuser-Busch InBev: 12% Suntory Holdings Limited: 10% Asahi Group Holdings, Ltd.: 9% Diageo plc: 8% Kirin Holdings Compan...

Is Thai Beverage Public Company stock currently a good investment?

Revenue Growth: 4.5% (2024) Profit Growth: 3.8% (2024) Market Share in Thailand: 40% (2024) Thai Beverage Public Company Limited recorded a moderate revenue growth of 4.5% in 2024, attributed to stable demand for its products, especially in its home market of Thailand. The company holds a significan...

Does Thai Beverage Public Company pay a dividend – and how reliable is the payout?

Dividend Yield: 3.5% (2025, estimated) Dividend History: Regular for over 10 years Thai Beverage Public Company Limited is known for its regular dividend payouts. The company has followed a stable dividend policy in recent years, making it an attractive choice for income-oriented investors. The...

Thai Beverage Public Company Stock Value

Thai Beverage Public Company Company Info

Analyst Price Target

Top growth stocks in the consumer staples sector (5Y.)

What does Thai Beverage Public Company do?

Thai Beverage Public Company Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal