On Thursday at 2:26 PM (Bangkok time), the share price of Carabao Group Public Company Limited (SET: CBG) gained 1.98% or THB 1.00 to THB 51.50, with a trading value of THB 87.84 million.
Osotspa Public Company Limited (SET: OSP) increased by 1.72% or THB 0.30 to THB 17.70, with a trading value of THB 119.73 million.
Land and Houses Securities (LHS) has provided an optimistic outlook for CBG in 2026, highlighting that the company’s revenue is expected to demonstrate strong growth. This is attributed to CBG’s comprehensive distribution model, the expansion of domestic sales channels, and the potential recovery of export volumes.
Notably, the company’s transition to a local production model in destination countries is expected to help reduce costs and maintain profit margins, even as short-term challenges in the Cambodian market persist.
For this year, CBG’s profit is projected to reach approximately THB 3.19 billion, representing a year-on-year increase of 7.5%. While the gross profit margin may soften slightly by 1–2% in 2Q26 due to higher raw material costs and geopolitical factors, LHS anticipates a recovery in the third quarter.
Additionally, selling, general and administrative expenses are expected to decline, reflecting lower idle costs and improved operational efficiency. The brokerage gives a ‘Buy’ recommendation for CBG, with a target price of THB 58.74 per share.
For its peer, OSP is also expected to report strong performance for 2Q26, with a forecasted profit of THB 1.16 billion, an increase of 14.8% year-on-year. This robust growth is supported by a record-high gross profit margin of 42.8%, resulting from locked-in raw material prices, improved production efficiency, and a higher contribution from traditional trade channels. Although overall revenue has softened due to lower sales in Myanmar, the company remains resilient.
OSP may face continued pressure in 3Q26 from increased packaging and transportation costs. However, the company is prepared to mitigate these impacts through packaging size adjustments and pack-price strategies, while sales in Myanmar are expected to recover towards second-quarter levels. LHS has issued a ‘Buy’ recommendation for OSP, with a target price set at THB 19.63 per share.
