Pursuits
Beer Drinkers in Thailand Power Singapore’s Best Stock in 2016
- Corporate revamp may spur more share gains, Religare says
- Analysts raise estimates of Thai Beverage after profit surges
Workers prepare stacks of Chang beer in Ayutthya province.
Photographer: Dario Pignatelli/BloombergThis article is for subscribers only.
The biggest gainer among Singapore’s stocks this year is a foreigner.
Thai Beverage Pcl has jumped 36 percent to a record in 2016, benefiting from rising consumption in Thailand, where stimulus and low interest rates have driven the benchmark index to the highest level in almost a year. Singapore’s equities market, by contrast, is a laggard in Southeast Asia, suffering from lackluster growth at banks, developers and oil-rig builders. Thai Beverage’s return this year is almost triple that for the second-best stock in the Straits Times Index.