CBG Bounces Back to ฿123 as Int’l Sales Tend to Soar in 2020, Analyst Recomm. BUY at ฿144
CBG Bounces Back to ฿123 as Int’l Sales Tend to Soar in 2020, Analyst Recomm. BUY at ฿144/Share.
The share price of Carabao Group Public Company Limited (CBG) bounced back by 1.23% to ฿123.00/share from yesterday’s plummet nearly 4% as international sales were expected to edge higher, especially in CLMV.
The share price of CBG surpassed the THB100 mark on June 30, 2020, and never drop lower the mark since.
Asia Wealth Securities (AWS) revised up CBG’s 2020-21 net profit to record a 19% and 22% growth, respectively. Meanwhile, the operation in 2H20 was expected to grow continuously, buoyed by exports as its C+Lock sales were expected to reach 100 million bottles in 2020. In addition, AWS gave a “BUY” recommendation on CBG with a target price at ฿144.00/share.
