Thai Beverage - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
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
10/15/24	Goldman Sachs	Thai Beverage	0.53	0.61	Neutral
11/13/24	DBS Vickers	Thai Beverage	0.51	0.77	Buy	PER16x FY25
11/22/24	UOB Kay Hian	Thai Beverage	0.515	0.56	Buy	Sum of parts
11/22/24	Lim & Tan	Thai Beverage	0.515	0.67	Accumulate
11/25/24	Phillip	Thai Beverage	0.525	0.64	Buy	PER14x FY25
11/26/24	DMG & Partners	Thai Beverage	0.53	0.71	Buy	Sum of parts
01/03/25	Goldman Sachs	Thai Beverage	0.56	0.72	Buy
01/07/25	DBS Vickers	Thai Beverage	0.565	0.77	Buy	PER16x FY25
02/04/25	DBS Vickers	Thai Beverage	0.54	0.77	Buy	PER16x FY25
02/17/25	UOB Kay Hian	Thai Beverage	0.5	0.56	Buy	Sum of parts
02/17/25	Phillip	Thai Beverage	0.5	0.56	Accumulate	PER12x FY25
03/24/25	CIMB	Thai Beverage	0.52	0.58	Add
05/13/25	DBS Vickers	Thai Beverage	0.515	0.63	Buy	PER16x FY25
05/13/25	Phillip	Thai Beverage	0.515	0.56	Accumulate	PER12x FY25
05/13/25	UOB Kay Hian	Thai Beverage	0.515	0.51	Hold	Sum of parts
06/16/25	UOB Kay Hian	Thai Beverage	0.46	0.45	Hold	Sum of parts
06/23/25	DBS Vickers	Thai Beverage	0.445	0.63	Buy	PER16x FY25
06/23/25	Phillip	Thai Beverage	0.445	0.56	Buy	PER12x FY25