Sabeco Outlook And Update

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  • #44370

    Tom

    Hi Paul, how has the new drink driving rules affected Sabeco’s short term and long term prospects since its implementation? Does it make Thai Bev less attractive? Thanks.

    #44401

    Paul

    Hi Tom, the drink driving law was implemented in January 2020, called Decree 100. Even those riding bicycles were apparently fined. Volume dropped around 20%, but unclear home much due to COVID-19 restrictions. It will take time for volumes to recover. On impact to Thai Beverage, it is negative but spirits (rum) sales is more important because it accounts for 80-90% of profits. Thailand is affected more by resurgence of the pandemic but spirits is shelter somewhat due to consumption mainly by farmers and at home. Lockdown wont hurt them directly.  Thank you

    #44405

    Tom

    Thanks for your reply, Paul!

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