Thai Beverage's 2Q FY 2026 Earnings Reinforce Signs of Cyclical Recovery -- Market Talk

Dow Jones

May 18

0600 GMT - Thai Beverage's 2Q FY 2026 earnings have reinforced signs of cyclical recovery, Maybank Research's Hussaini Saifee says in a research report. Despite cautious consumer conditions, the beverage producer's spirits revenue rose 1.3% and its net profit gained 6.4% in 2Q from year earlier, the analyst notes. Management also highlighted healthier domestic demand in Thailand, while costs remain well-controlled via early raw material procurement and disciplined advertising and promotion spending, the analyst says. Maybank Research lifts its FY 2026-2028 earnings forecasts for the Singapore-listed company by 8%-10%. It upgrades the stock's rating to buy from hold and raises its target price to S$0.48 from S$0.43. Shares are 1.2% higher at S$0.435. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

May 18, 2026 02:00 ET (06:00 GMT)

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Despite cautious consumer conditions, the beverage producer's spirits revenue rose 1.3% and its net profit gained 6.4% in 2Q from year earlier, the analyst notes. Management also highlighted healthier domestic demand in Thailand, while costs remain well-controlled via early raw material procurement and disciplined advertising and promotion spending, the analyst says. Maybank Research lifts its FY 2026-2028 earnings forecasts for the Singapore-listed company by 8%-10%. It upgrades the stock's rating to buy from hold and raises its target price to S$0.48 from S$0.43. Shares are 1.2% higher at S$0.435. 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Despite cautious consumer conditions, the beverage producer's spirits revenue rose 1.3% and its net profit gained 6.4% in 2Q from year earlier, the analyst notes. Management also highlighted healthier domestic demand in Thailand, while costs remain well-controlled via early raw material procurement and disciplined advertising and promotion spending, the analyst says. Maybank Research lifts its FY 2026-2028 earnings forecasts for the Singapore-listed company by 8%-10%. It upgrades the stock's rating to buy from hold and raises its target price to S$0.48 from S$0.43. Shares are 1.2% higher at S$0.435. (ronnie.harui@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 18, 2026 02:00 ET (06:00 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"Y92.SI","symbol_name":"泰国酿酒","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2636044468","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2636044468","pubTimestamp":1779084000,"columns":[{"name":"Data Report","id":30,"label_key":"dataReport"}],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0600 GMT - Thai Beverage's 2Q FY 2026 earnings have reinforced signs of cyclical recovery, Maybank Research's Hussaini Saifee says in a research report. Despite cautious consumer conditions, the beverage producer's spirits revenue rose 1.3% and its net profit gained 6.4% in 2Q from year earlier, the analyst notes. Management also highlighted healthier domestic demand in Thailand, while costs remain well-controlled via early raw material procurement and disciplined advertising and promotion spending, the analyst says. Maybank Research lifts its FY 2026-2028 earnings forecasts for the Singapore-listed company by 8%-10%. It upgrades the stock's rating to buy from hold and raises its target price to S$0.48 from S$0.43. Shares are 1.2% higher at S$0.435. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"Y92.SI":"泰国酿酒"},"translate_title":"泰国饮料公司2026财年第二季度盈利强化周期性复苏迹象——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"Y92.SI":1.5},"content_text":"0600 GMT - Thai Beverage's 2Q FY 2026 earnings have reinforced signs of cyclical recovery, Maybank Research's Hussaini Saifee says in a research report. Despite cautious consumer conditions, the beverage producer's spirits revenue rose 1.3% and its net profit gained 6.4% in 2Q from year earlier, the analyst notes. Management also highlighted healthier domestic demand in Thailand, while costs remain well-controlled via early raw material procurement and disciplined advertising and promotion spending, the analyst says. Maybank Research lifts its FY 2026-2028 earnings forecasts for the Singapore-listed company by 8%-10%. It upgrades the stock's rating to buy from hold and raises its target price to S$0.48 from S$0.43. Shares are 1.2% higher at S$0.435. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 18, 2026 02:00 ET (06:00 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}