The pressure is up for ThaiBev as protests turn deadly in Thailand

Other Singapore firms also threatened.

According to OSK, violence in Bangkok turned deadly over the weekend as anti-government protesters rallied up their campaign and mobilised thousands to oust embattled government of Prime Minister Yingluck Sinawatra.

Here's more from OSK:

Fierce fighting overnight on Saturday which continued on Sunday left four people dead and at least 103 people injured with the central bank warning the unrest is negatively affecting the economy. SGX-listed companies with exposure to Thailand may see an impact.

Thai Bev (Unrated), which is the largest and most prominent Thai play listed on the SGX, will likely see continued pressure on the stock, having fallen by 10% in the past two weeks.

Another company with sizeable contributions from Thailand is instant coffee maker Super Group, which sees about 20% of revenue from the kingdom.

This continued protest may also affect King Wan, the M&E player which is looking to list its associate KTIS Thai Industry Sugar in Thailand by next February.

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