ENTITY
Carabao Group

Carabao Group (CBG TB)

157
Analysis
Consumer Staples • Thailand
Carabao Group Public Company Limited is a Thailand-based holding company primarily investing in subsidiaries that produce, market, sell, and distribute energy drinks and other beverages both domestically and internationally. Their product range includes carbonated and non-carbonated energy drinks, vitamin C drinks, coffee products, and drinking water under brands like Carabao, Carabao Sport, and Woody C+ Lock. The company also manufactures and distributes packaging products such as bottles, glass products, and aluminum cans. Headquartered in Bangkok, Thailand, the company was established in 2001.
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bullish•Carabao Group
•28 May 2021 10:53•Broker

CBG: China Market Is a Key Growth Driver in the Next Three Years

Yesterday analyst meeting came out with a positive tone. We upgrade CBG from HOLD to BUY rating and roll over target price to Bt157 (+31% from...

bullish•Carabao Group
•26 Jan 2021 11:00•Broker

CBG: Ample Opportunity in New Functional Drink Products

We maintain CBG with a BUY rating. Given a positive earnings outlook, our forecast and target price are subject to revise up after earnings...

bullish•Carabao Group
•20 Jan 2021 10:50•Broker

CBG: Expect 4Q20 Earnings to Hit a Record High

We maintain BUY rating with a target price of Bt141 based on 35xPE’21E, the average of the Thailand energy drink stocks.

bullish•Carabao Group
•26 Nov 2020 15:13•Broker

CBG: WOODY C+ LOCK and Vietnam Market Are a Key Catalyst

Yesterday analyst meeting came out with a positive tone. We maintain BUY rating with a target price of Bt141 based on 35xPE’21E, the average of the...

bullish•Carabao Group
•10 Aug 2020 15:58•Broker

CBG: Trading on High Valuation Zone

We maintain our BUY rating and roll over our target price to Bt141 based on 35xPE’21E (Previous TP is Bt110), the average of the Thailand energy...

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