Thailand's beverage sector 1H earnings are likely to drop on year, says UOB Kay Hian's Tanapon Cholkadidamrongkul in a note. The analyst identifies Carabao Group as the main laggard, as its international sales are plummeting while it faces an intense price war and increasing energy and freight costs. Its peer Osotspa could post a more upbeat performance as it was able to hedge its raw material costs and has a lower exposure to global markets than Carabao, he adds. UOB Kay Hian starts coverage of Carabao with a hold rating and 42.00 baht target price. It also initiates coverage of Osotspa with a buy rating and 20.00 baht target price. Carabao shares last closed at 38.00 baht while Osotspa shares last closed at 15.10 baht. ([email protected])
Thai Beverage Sector 1H Earnings Likely to Drop on Year — Market Talk
Osotspa Public Co. Ltd. on 6ix
Earlier from Osotspa Public
- Osotspa Posts FY Net Profit Attributable Of 3,667 MLN Baht
- Osotspa Logs Qtrly Profit Attributable 700 Mln Baht
- Osotspa Pcl Reports Net Profit 1,010 Million Baht For Quarter
- Osotspa Approved Appointment Of Mookda Pairatchavet As CEO
- Osotspa Posts QTRLY Profit Attributable 1,265 Million Baht
Later from Osotspa Public
- Osotspa's Strong Thai Sales Likely to Offset Weak International Sales — Market Talk
- Osotspa PCL Posts Qtrly Net Profit Attributable Of 1,157 Million Baht
- Thai Beverage Sector's Impact From Middle East Tensions Likely Priced In — Market Talk
- Osotspa Likely Faces Some Headwinds — Market Talk
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