In the good old days, it was considered to be prestigious for a listed company to join the Straits Times Index (STI). It still is. But nowadays, it seems that being in the local benchmark index carries the unwelcome added risk of being prime target for short-selling attacks. Many components of STI had a torrid run so far this year. ThaiBev share price is no exception.
But is short-selling attacks the real culprit for the devastating fall of ThaiBev share price? I honestly doubt so.
In this article, I will share my perspective on the key reason behind the meltdown of ThaiBev share price and also explain why the current price level may represent a good window of opportunity for investors to accumulate ThaiBev shares on the cheap.
Currently trading at dividend yield of 4.12% and Price/Book Value of 3.03, ThaiBev share price may seem attractive …