Sabeco Outlook And Update

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    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.



    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



    Thanks for your reply, Paul!

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