Thai Bev

Thai Bev: positive read through from a Credit Suisse report, which notes despite high valuations, Thai consumer stocks still have momentum, as positive earnings revisions continue to outpace other Asean peers. CS’s group of Thai consumer stocks trade between 13 - 44x fwd P/E; this compares with Thai Bev’s valuation at 12.1x FY12, and 18.7x consensus FY13e P/E.