Thai Beverage - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
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	DMG & Partners	Thai Beverage	0.515	0.69	Buy	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
07/22/25	Kim Eng	Thai Beverage	0.475	0.45	Hold
08/15/25	DBS Vickers	Thai Beverage	0.475	0.63	Buy	PER16x FY25
08/15/25	CIMB	Thai Beverage	0.475	0.56	Add	PER
09/02/25	DMG & Partners	Thai Beverage	0.465	0.65	Buy	Sum of parts
10/27/25	DBS Vickers	Thai Beverage	0.495	0.63	Buy	PER16x FY25
11/10/25	DBS Vickers	Thai Beverage	0.475	0.63	Buy	PER16x FY25
11/27/25	DBS Vickers	Thai Beverage	0.465	0.62	Buy	PER14x FY26
11/27/25	Kim Eng	Thai Beverage	0.465	0.43	Hold
11/27/25	CIMB	Thai Beverage	0.465	0.58	Add	Sum of parts
11/27/25	DMG & Partners	Thai Beverage	0.465	0.62	Buy	Sum of parts
12/01/25	Phillip	Thai Beverage	0.465	0.53	Accumulate	PER12x FY26