Thai Beverage - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/11/23	UOB Kay Hian	Thai Beverage	0.615	0.75	Buy	Sum of parts
05/12/23	DBS Vickers	Thai Beverage	0.6	0.86	Buy
05/15/23	Phillip	Thai Beverage	0.59	0.8	Buy	PER18x F23
05/16/23	CIMB	Thai Beverage	0.595	0.88	Add	Sum of parts
06/13/23	UOB Kay Hian	Thai Beverage	0.565	0.75	Buy	Sum of parts
06/22/23	DMG & Partners	Thai Beverage	0.57	0.87	Buy	Sum of parts, PER17.3x FY23/24
07/05/23	Amfrasers	Thai Beverage	0.58	0.65	Buy
07/13/23	DBS Vickers	Thai Beverage	0.565	0.86	Buy
07/13/23	CIMB	Thai Beverage	0.565	0.88	Add
07/20/23	DMG & Partners	Thai Beverage	0.585	0.87	Buy
08/10/23	UOB Kay Hian	Thai Beverage	0.57	0.83	Buy	Sum of parts
08/10/23	DBS Vickers	Thai Beverage	0.57	0.86	Buy
08/10/23	DMG & Partners	Thai Beverage	0.57	0.87	Buy
08/10/23	CIMB	Thai Beverage	0.57	0.75	Add	Sum of parts
08/14/23	Phillip	Thai Beverage	0.575	0.75	Buy	PER18x FY23
09/04/23	UOB Kay Hian	Thai Beverage	0.57	0.83	Buy	Sum of parts
09/26/23	DBS Vickers	Thai Beverage	0.59	0.86	Buy
10/11/23	UOB Kay Hian	Thai Beverage	0.535	0.75	Buy	Sum of parts
11/01/23	CIMB	Thai Beverage	0.54	0.67	Add
11/01/23	DBS Vickers	Thai Beverage	0.54	0.86	Buy
11/20/23	DBS Vickers	Thai Beverage	0.525	0.75	Buy	Sum of parts
11/23/23	Lim & Tan	Thai Beverage	0.54	0.78	Buy
11/24/23	Phillip	Thai Beverage	0.535	0.67	Buy	PER16x FY24
11/24/23	UOB Kay Hian	Thai Beverage	0.535	0.7	Buy	Sum of parts
11/24/23	DBS Vickers	Thai Beverage	0.535	0.72	Buy	PER15.9x
11/24/23	DMG & Partners	Thai Beverage	0.535	0.82	Buy
11/27/23	OCBC	Thai Beverage	0.53	0.76	Buy
01/02/24	Phillip	Thai Beverage	0.525	0.67	Buy
01/03/24	DBS Vickers	Thai Beverage	0.54	0.72	Buy
01/03/24	CIMB	Thai Beverage	0.54	0.67	Add	Sum of parts
01/03/24	Amfrasers	Thai Beverage	0.54	0.56	Buy
01/05/24	UOB Kay Hian	Thai Beverage	0.54	0.7	Buy	Sum of parts
01/10/24	DMG & Partners	Thai Beverage	0.54	0.82	Buy
02/06/24	DBS Vickers	Thai Beverage	0.51	0.72	Buy	PER15.9x
02/15/24	UOB Kay Hian	Thai Beverage	0.495	0.7	Buy	Sum of parts
02/15/24	Phillip	Thai Beverage	0.495	0.67	Buy	PER16x FY24
02/15/24	CIMB	Thai Beverage	0.495	0.5	Hold
02/16/24	DMG & Partners	Thai Beverage	0.495	0.76	Buy	Sum of parts
05/15/24	UOB Kay Hian	Thai Beverage	0.505	0.7	Buy	Sum of parts
05/16/24	Phillip	Thai Beverage	0.5	0.63	Buy	PER16x FY24
05/16/24	DBS Vickers	Thai Beverage	0.5	0.69	Buy	Sum of parts, PER16x
05/16/24	DMG & Partners	Thai Beverage	0.5	0.71	Buy	Sum of parts
05/17/24	CIMB	Thai Beverage	0.495	0.63	Add
06/18/24	DBS Vickers	Thai Beverage	0.48	0.69	Buy	Sum of parts, PER16x
06/24/24	UOB Kay Hian	Thai Beverage	0.47	0.57	Buy	Sum of parts
06/24/24	CIMB	Thai Beverage	0.47	0.63	Add
07/01/24	Phillip	Thai Beverage	0.45	0.63	Buy	PER16x FY24
07/01/24	DBS Vickers	Thai Beverage	0.45	0.69	Buy	Sum of parts, PER16x
07/09/24	DMG & Partners	Thai Beverage	0.44	0.71	Buy	Sum of parts
07/18/24	Lim & Tan	Thai Beverage	0.495	0.64	Accumulate
07/19/24	UOB Kay Hian	Thai Beverage	0.5	0.6	Buy
07/26/24	Kiatnakin	Thai Beverage	0.5	0.81	Buy
07/26/24	JPM	Thai Beverage	0.5	0.64	Overweight
07/26/24	HSBC	Thai Beverage	0.5	0.59	Buy
08/12/24	Phillip	Thai Beverage	0.5	0.63	Buy	PER16x FY24
08/16/24	DMG & Partners	Thai Beverage	0.475	0.71	Buy	Sum of parts
10/02/24	DBS Vickers	Thai Beverage	0.525	0.69	Buy	Sum of parts, PER16x
10/15/24	UOB Kay Hian	Thai Beverage	0.53	0.56	Buy
11/13/24	DBS Vickers	Thai Beverage	0.51	0.77	Buy	PER16x FY25