0916 GMT - Thai Beverage has strong potential to deliver 8%-10% earnings growth over FY 2026-27, its bull at CGS International says. The beer maker's resilient margin anchors earnings growth despite quarterly volatility in volumes, analysts Meghana Kande and Lim Siew Khee say in a note. Effective procurement will likely be crucial to the company sustaining its growth momentum beyond FY 2026, they say. The Singapore-listed stock lags peers in the consumer segment, they say, noting it trades around 9X forward price-to-earnings ratio and offers a 6% yield. CGS International retains its add rating and S$0.58 target price. Shares rise 3.5% to S$0.445. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
May 18, 2026 05:16 ET (09:16 GMT)
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