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Excerpt from {broker} report.
- Report Summary:
- Thai Beverage PLC’s FY25 results were below expectations due to external shocks, with revenue and profits missing forecasts and a sharp drop in spirits volumes from border disputes and a weak consumer environment.
- The company is expected to focus on reducing operating expenses amid ongoing demand challenges, but there is potential for margin improvements from lower input costs; the recommendation remains ACCUMULATE with a lower target price.
Above is an excerpt from a report by {broker}. Clients of {broker} can be the first to access the full report from the {broker} website: {website}