Thai Beverage's Margins Likely Supported by Precontracted Costs -- Market Talk

Dow Jones

May 22

0931 GMT - Thai Beverage's margins and profitability are likely to be supported by precontracted raw material and packaging costs, says Yu Sheng Tay of Moody's Ratings in a report. The Thai beer maker's leverage is likely to improve over the next 12 to 18 months, thanks to lower capital spending and continued free-cash flow generation, the analyst says. However, he notes elevated oil prices are likely to weaken consumer sentiment in ThaiBev's key markets and the operating environment could remain challenging. Moody's affirms its issuer rating on Thai Beverage's senior unsecured notes under its multicurrency debt issuance program, noting ThaiBev's outlook remains stable. Shares closed 1.1% lower at S$0.46. (megan.cheah@wsj.com)

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May 22, 2026 05:31 ET (09:31 GMT)

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The Thai beer maker's leverage is likely to improve over the next 12 to 18 months, thanks to lower capital spending and continued free-cash flow generation, the analyst says. However, he notes elevated oil prices are likely to weaken consumer sentiment in ThaiBev's key markets and the operating environment could remain challenging. Moody's affirms its issuer rating on Thai Beverage's senior unsecured notes under its multicurrency debt issuance program, noting ThaiBev's outlook remains stable. Shares closed 1.1% lower at S$0.46. 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The Thai beer maker's leverage is likely to improve over the next 12 to 18 months, thanks to lower capital spending and continued free-cash flow generation, the analyst says. However, he notes elevated oil prices are likely to weaken consumer sentiment in ThaiBev's key markets and the operating environment could remain challenging. Moody's affirms its issuer rating on Thai Beverage's senior unsecured notes under its multicurrency debt issuance program, noting ThaiBev's outlook remains stable. Shares closed 1.1% lower at S$0.46. (megan.cheah@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 22, 2026 05:31 ET (09:31 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":"BK6080","symbol_name":"酿酒商与葡萄酒商","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2637539098","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2637539098","pubTimestamp":1779442260,"columns":[],"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":"0931 GMT - Thai Beverage's margins and profitability are likely to be supported by precontracted raw material and packaging costs, says Yu Sheng Tay of Moody's Ratings in a report. The Thai beer maker's leverage is likely to improve over the next 12 to 18 months, thanks to lower capital spending and continued free-cash flow generation, the analyst says. However, he notes elevated oil prices are likely to weaken consumer sentiment in ThaiBev's key markets and the operating environment could remain challenging. Moody's affirms its issuer rating on Thai Beverage's senior unsecured notes under its multicurrency debt issuance program, noting ThaiBev's outlook remains stable. Shares closed 1.1% lower at S$0.46. 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The Thai beer maker's leverage is likely to improve over the next 12 to 18 months, thanks to lower capital spending and continued free-cash flow generation, the analyst says. However, he notes elevated oil prices are likely to weaken consumer sentiment in ThaiBev's key markets and the operating environment could remain challenging. Moody's affirms its issuer rating on Thai Beverage's senior unsecured notes under its multicurrency debt issuance program, noting ThaiBev's outlook remains stable. Shares closed 1.1% lower at S$0.46. (megan.cheah@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 22, 2026 05:31 ET (09:31 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":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}