TA wise, looks super bearish! It is trading below its SMA lines & RSI is still trending downwards with no sign of bullish divergence. With each Gap down, it has further weaken and went lower as reflected on the chart.
Every Gap down tells us a certain reason why it is happening.
In this case, I think it could be due to the company latest FY financial results that saw its NET profit dropped a whopping 40+% to $20,726m Baht.
Total dividend also slash almost half from 67 cents Baht to 39 cents( 1.625 cents Singapore cents). Giving a yield of about 2.75% based on current price of 59 cents.
Total debt amounts has ballooned from $30,729m Baht to $208,756m Baht. A huge jump of almost 600%.
It might be good to wait for its price to stabilize first before making further decision/action.
Short term wise, I think it may likely go lower to test 55 cents then 50 cents with extension to 45 cents.
Not a call to buy or sell.
Pls dyodd/
trade/invest base on your own decision.
Thai Beverage Public Company Limited, together with its subsidiaries, produces and distributes alcoholic and non-alcoholic beverages, and food products in Thailand and internationally. The company operates through Spirits, Beer, Non-Alcoholic Beverages, and Food segments. It offers liquor and beer products; spirits, including brown spirits, white spirits, herbs, and other products; and non-alcoholic beverages comprising drinking and soda water, electrolyte beverages, energy drinks, green and herbal tea, ready-to-drink coffee, carbonated soft drinks, isotonics, soya drinks, Asian and sparkling drinks, coconut water, cordials, pasteurized milk, UHT milk, sterilized milk, yoghurt, canned milk, pasteurized juice, ready-to-drink juice, ice cream, and cereal bars. The company also provides chilled and frozen food products, and snack products; and fertilizers and feeds, bricks, and oak barrels. In addition, it is involved in the trading of molasses; provision of transportation and distribution, advertising and marketing, training, consultancy, asset and brands management, public cold storage, and human resources and organization development services; operation of Japanese restaurants, bakeries, and social enterprise; and production and distribution of biogas. Further, the company is involved in the trading of bottles and supplies; distribution of beverages; and production of plastic packaging and related businesses. Thai Beverage Public Company Limited was founded in 2003 and is based in Bangkok, Thailand.
