Should I buy Thai Beverage stock in 2025?

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At HelloSafe, our expert has been tracking the performance of Thai Beverage for over three years. Every month, hundreds of thousands of users in Singapore trust us to analyse market trends and identify the best investment opportunities. Our analyses are provided for informational purposes and do not constitute investment advice. In accordance with our ethical charter, we have never been, and will never be, compensated by Thai Beverage.

What is Thai Beverage?

What is the price of the Thai Beverage stock?

The price of Thai Beverage stock is rising this week. The current share price stands at SGD 0.470, reflecting a 24-hour change of +1.08% and a weekly movement within the 0.435–0.595 SGD range. With a market capitalisation of SGD 11.69 billion and an average three-month daily volume of 33.3 million shares, Thai Beverage attracts steady interest. The stock offers a P/E ratio between 10.07 and 11.33, a competitive dividend yield of 5.35%, and a low beta of 0.65. This combination points to a reliable investment with moderate volatility and attractive income potential.

Our Full Analysis of the Thai Beverage Stock

Having closely reviewed Thai Beverage’s latest financial results and charted the stock’s performance across the past three years, we have drawn on our proprietary models to expand the analysis with inputs from leading financial indicators, technical signals, market data, and sector benchmarking. Each element is considered with precision, providing a holistic and nuanced view tailored for informed investors seeking a decisive edge. So, why might Thai Beverage stock once again become a strategic entry point into Southeast Asia’s booming consumer sector in 2025?

Recent performance and market context

Over the past year, Thai Beverage has demonstrated notable price resilience, culminating in a current share price of SGD 0.470 (as of 7 July 2025), following a week in which the stock rose by 1.08% and remains comfortably above its key 52-week support at 0.435. Despite short-term headwinds—namely, an 8.08% year-to-date decline—this modest pullback follows an extended period of outperformance, especially compared to the broader consumer sector which has faced margin pressure amid regional inflation. Strong momentum is supported by sector-wide optimism, as evidenced by the sharp 19% year-on-year growth in quarterly revenue, driven by the robust rebound in beer sales throughout several ASEAN markets and an impressive 3% expansion in Vietnamese beer revenue, one of the group’s core markets. The recent deferral of a tax hike on beer in Vietnam, as well as the reaffirmation of Thai Beverage’s No. 1 market position in Vietnam, have served as positive catalysts, fortifying its regional leadership and lifting investor sentiment throughout the Singapore Exchange.

Adding further tailwinds is a favorable macroeconomic backdrop: ASEAN’s economic recovery continues to accelerate, consumer demand has rebounded sharply, and rising international tourism is fuelling beverage consumption across key regional markets. Thai Beverage is well-positioned to harness these dynamics thanks to its varied product portfolio, regional supply chains, and deep market penetration, particularly in the rapidly developing Vietnamese and Thai markets, which are seeing faster consumption growth than mature global peers.

Technical analysis

Technical signals for Thai Beverage are unambiguously bullish. Following a string of “Strong Buy” consensus ratings from technical analysts, the stock is trading comfortably above its short-, medium-, and long-term moving averages—the MA 5d (0.467), MA 20d (0.466), MA 50d (0.463), and MA 200d (0.462)—all of which indicate buying support across multiple investment horizons. The Relative Strength Index (RSI) sits at a healthy 58.82, suggesting the absence of significant overbought risk and supporting the sustainability of the current uptrend. Similarly, the MACD indicator holds just above zero (0.001), registering a clear bullish crossover. These positive readings, combined with ongoing strong momentum and a technical consensus “Strong Buy” rating, signal that Thai Beverage may be entering a new phase of appreciation. Importantly, the 0.435 SGD level serves as a highly visible technical support, providing a key reference point for risk management, while resistance at 0.507 SGD marks a potential upside breakout trigger. Short- and medium-term momentum, therefore, remains positive—underscoring the stock’s attractiveness both for nimble traders and those seeking well-timed longer entries.

Fundamental analysis

The underlying fundamentals further validate the stock’s potential. Thai Beverage posted a robust Q2 2025 revenue of THB 86.4 billion, a 19% year-on-year leap, reflecting strong demand and efficient scaling of operations. Despite a marginal dip in quarterly net profit (-3.2% vs Q2 2024) and a more marked contraction on a half-year basis (-9.2%), these figures should be contextualized against significant macro disruptions over the past year and substantial asset revaluations. Meanwhile, the company’s flagship beer segment continues to post double-digit net income gains (+19%), a remarkable result that points to an effective product and pricing strategy in one of the most competitive beverage categories in Asia.

Valuation remains a major argument in favor of Thai Beverage’s renewed appeal. With a P/E ratio ranging from 10.07 to 11.33, the stock trades materially below the sector median when adjusted for growth and dividend yield, offering a compelling entry point for value-conscious investors. The company’s dividend policy, anchored by a 5.35% yield and a commitment to distribute at least 50% of net profit, positions it as an attractive income play amid persistent market uncertainty. Strategic expansion remains a cornerstone of long-term value creation: leadership in spirits and beer (with over 90% market share in Thai spirits and the No. 1 beer position in Vietnam) is underpinned by robust brands, economies of scale, and enduring customer loyalty. Add to this a broadening footprint in fast-growth ASEAN economies, a diversified portfolio spanning spirits, beer, non-alcoholic beverages, and food, and Thai Beverage’s resilience and flexibility stand out—even through cyclical and regulatory challenges.

Volume and liquidity

Market confidence in Thai Beverage is reflected in the steady daily turnover, with an average three-monthly volume exceeding 33.3 million shares and a free float that ensures ample liquidity and efficient price discovery. Such healthy trading volumes not only foster tighter spreads but also indicate frequent entry and exit opportunities for both institutional and retail investors. This dynamic contributes directly to solid price support, reinforces the market’s assessment of fair value, and supports dynamic re-rating potential—especially ahead of any positive sector or company-specific news.

Catalysts and positive outlook

Several powerful catalysts position Thai Beverage for sustained appreciation. The company is benefitting from the ASEAN beer market, now widely projected as the fastest-growing globally. Continuous expansion in Vietnam—where beverage consumption is outpacing the region and Thai Beverage’s brands command market leadership—remains a clear positive. The group’s cost base is poised for further improvement thanks to a favorable trend in raw materials prices and optimized manufacturing, which should in turn drive better margins and underpin earnings upgrades. Recent confirmation of the Fitch BBB- credit rating with a stable outlook provides confidence in its financial strength, debt capacity, and resilience to shocks.

On the innovation front, Thai Beverage’s strategy of regular product launches and brand investments ensures that its offering stays compelling for a diverse and evolving consumer base. ESG considerations are not neglected either: improvements in sustainability sourcing, packaging, and community engagement continue to be recognized by institutional investors, helping to drive a positive re-rating for the share in the medium term. Regulation, often a risk in the sector, currently offers potential upside—particularly with the postponement of Vietnam’s beer excise increase.

Investment strategies

Investors considering Thai Beverage have multiple compelling avenues and time horizons to explore. In the short-term, technical strength above key moving averages, rising RSI, and strong trade volumes offer tactical opportunities for those seeking entry before a potential upside breakout above the SGD 0.507 resistance. Medium-term investors may take confidence from the group’s resilient results, modest valuation, and improving sector backdrop, with catalysts in Q3 earnings and upcoming strategic launches offering triggers for position building.

From a long-term perspective, Thai Beverage’s core attributes—sustainable growth, regional market dominance, operational resilience, and a high dividend yield—present a case that appeals to both income-oriented and growth-focused portfolios. Entry at present technical or cyclical lows, or ahead of major sectoral shifts in ASEAN consumption, could provide significant upside as the group continues to consolidate and expand its ASEAN leadership.

Is it the right time to buy Thai Beverage?

Taken together, the evidence strongly suggests that Thai Beverage stands at the onset of a new bullish phase, combining upward technical momentum, experienced management, broad regional leadership, and a commitment to shareholder returns. Its valuation remains attractive relative to peers, and the synergy of resilient earnings, strong cash generation, and disciplined expansion justifies renewed investor attention. With a favorable regulatory outlook, robust volume support, and numerous potential near-term and medium-term catalysts, Thai Beverage seems to represent an excellent opportunity for investors seeking stable growth and value in the dynamic ASEAN consumer sector in 2025.

For those wishing to capture both growth and income from a well-managed, regionally dominant player, Thai Beverage presents itself as a timely and credible option to seriously consider for fresh allocation—and possibly, strategic portfolio rebuilding around the Southeast Asian growth story.

How to Buy Thai Beverage Stock in Singapore

Buying Thai Beverage stock online is simple and secure, especially when using a regulated broker licensed in Singapore. Investors typically have two main methods: spot (cash) buying, where you become a direct shareholder, or CFD trading, which lets you speculate on price movements using leverage without owning actual shares. Both approaches are accessible online, making it easier than ever to diversify your investment portfolio. To help you choose the right provider, you'll find a comprehensive broker comparison further down the page.

Spot buying

Spot buying means purchasing Thai Beverage shares outright, giving you direct ownership and any entitled dividends. With Singapore brokers, the usual fee is a fixed commission per buy or sell order, commonly about SGD 5.

Thai Beverage Share Gain Scenario

If the Thai Beverage share price is SGD 0.470, you can buy around 2,120 shares with a SGD 1,000 stake, including a brokerage fee of around SGD 5.

✔️ Gain scenario: If the share price rises by 10%, your shares are now worth SGD 1,100. Result: +SGD 100 gross gain, i.e. +10% on your investment.

Trading via CFD

CFDs (Contracts for Difference) allow you to trade Thai Beverage stock price movements without owning the actual shares. CFD trading involves spreads and possible overnight financing charges, but lets you use leverage to amplify your exposure.

CFD Gain Scenario with Leverage

You open a CFD position on Thai Beverage shares, with 5x leverage. This gives you a market exposure of SGD 5,000 for a SGD 1,000 deposit. ✔️ Gain scenario: If the stock rises by 8%, your position gains 8% × 5 = 40%. Result: +SGD 400 gain, on a bet of SGD 1,000 (excluding fees).

Final advice

Before investing, it's important to compare broker fees, commissions, and trading conditions—our comparison further down the page can assist you. Ultimately, the right method for you depends on your investment goals and risk appetite.

Our 7 tips for buying Thai Beverage stock

The latest news about Thai Beverage

Thai Beverage shares on the SGX have returned a strong daily gain of +1.08% to SGD 0.470 as of July 7, 2025. This performance comes with robust liquidity, recording an average daily traded volume of 33.3 million shares, supporting the stock’s capacity to accommodate institutional and retail demand in Singapore.

Technical indicators have shifted to a decisive "Strong Buy" signal, with all major moving averages showing upward momentum. As of the latest session, the 5-, 20-, 50-, and 200-day moving averages all remain below the last traded price, while the Relative Strength Index (RSI) stands at 58.82 and the MACD generates a fresh buy signal, reflecting resurgent positive sentiment among technical market participants based on recent SGX trading dynamics.

Thai Beverage’s regional presence, including Singapore, supports its resilient position in the ASEAN consumer sector. The company maintains an established footprint in Singapore through regional distribution and partnerships, ensuring continued brand visibility and distribution of its beverage portfolio, which enhances revenue stability and familiarity with the local market environment for SGX investors.

The group’s beer segment has delivered strong growth, with revenue up 3% and segment net profit up 19% for H1 2025. This robust segment performance, especially relevant in markets like Singapore where beer consumption and premiumisation trends persist, offsets broader headwinds in spirits and aligns with positive investor outlooks across the region.

Thai Beverage remains eligible for Singapore-based investment accounts, offering an attractive 5.35% dividend yield and a moderate P/E ratio (10.07–11.33). This makes the stock an appealing option for local investors seeking stable, income-oriented holdings on the SGX, further supported by a well-established dividend distribution policy (minimum payout of 50% of net profit) and advantageous tax treatment under Singapore’s fiscal regime.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.