On Monday at 10:35 AM (Bangkok time), the share price of Carabao Group Public Company Limited (SET: CBG) dropped by 6.60% or THB 3.50 to THB 49.50, with a trading value of THB 133.37 million.
CBG shares saw a sharp decline on Monday, largely attributed to concerns over the ongoing dispute between Thailand and Cambodia.
According to an analysis by Asia Plus Securities, CBG is likely to face negative impacts from the situation, as a significant portion of its energy drink sales—around 37%—are derived from Cambodia. This market accounts for about 21% of CBG’s total sales.
Furthermore, CBG has plans to invest in a joint venture to build a production facility in Cambodia, with commercial operations scheduled to begin early next year.
In contrast, OSP is expected to be less affected as its sales in Cambodia represent only 1-2% of its total revenue.
