Picture courtesy of Bangkok Post

The Stock Exchange of Thailand (SET) is pushing forward to list the nation's three major alcohol producers, with Thai Beverage Plc (ThaiBev) anticipated to lead with a listing as soon as this year. Kitipong Urapeepatanapong, the chairman of SET, emphasised that Thailand's equity market currently under-represented these large, profitable companies. We expect the move to introduce a new sector to the exchange, thereby attracting fresh investor interest and expanding market capitalisation.

ThaiBev's initial plan involves listing a spirits-only subsidiary rather than the whole holding company to better align with market conditions. ThaiBev is already listed on the Singapore Exchange and offers Thai investors access to its shares via the depositary receipt THAIBEV19 on the SET. A Thai listing would enhance liquidity, reduce foreign exchange risks, and lower transaction costs for local investors.

Mr Kitipong highlighted that socio-cultural opposition to alcohol-related listings has diminished, allowing for a smoother entry into the SET. This new development is part of a broader strategy to revitalise the Thai stock market by incorporating diverse sectors. Beyond ThaiBev, plans are also in motion for Boon Rawd Brewery and a beer subsidiary under Carabao Group to potentially join the exchange within a few years.

These initiatives reflect SET's active recruitment of new industries, aligning with its Jump Plus program, which seeks to foster growth and scalability for listed companies. If brought to fruition, the listing of alcohol producers could diversify and strengthen the investment appeal of Thailand's stock market, reported the Bangkok Post.

Key Takeaways

• Thai Beverage Plc may list its spirits-only unit on SET this year.

• Social resistance to alcohol listings is decreasing in the Thai market.

• SET’s strategy aims to add diversity and scale to Thailand's equity market.

  

Adapted by ASEAN Now from Bangkok Post 2026-01-20

 

 

Let’s hope craft breweries are also included in the ability to be listed and raise investment funds in the same way.

4 hours ago, Classic Ray said:

Let’s hope craft breweries are also included in the ability to be listed and raise investment funds in the same way.

Nah, the big family breweries will make sure of virtually no competition.

Thought alcohol advertising banned in Thailand 😜

How about listing any profitable "Sin" industry, starting with either sexual prostitution or political prostitution, whichever is most profitable.

Harry Truman supposedly stated that early in his career he had to make a choice between being a piano player in a whorehouse or being a politician. He further stated that he didn't see much difference between the two.