#Krungsri Securities #Krungsri Securities – OSP Krungsri Securities will increase goal value to 26 baht.

Krungsri Securities elevated the goal value one other 8.3% to 26 baht to replicate the optimistic view of executives on the analyst assembly. It’s anticipated that there shall be a sale

Sturdy progress of 11% yoy in 1024 will stay good in 2Q24, resulting in a rise within the gross sales progress fee assumption for this 12 months by one other 3% (to eight% yoy from the earlier 5% in line with the goal of the administration and a rise within the assumption of a gross margin enhance of 0.8ppt in 2024 (to 35.5%) and 2025.

(to 35.8%), which can enhance core enterprise revenue by 8.8% in 2024F and eight.6% in 2025F.

The beverage group grew strongly by 15.1% yoy in 1Q24. The drink group grew 15.1% yoy from the home power drink group (50% of income, +11.9% yoy) and the worldwide power drink group (20% of income income, 23.1% yoy) with progress in Thailand as a consequence of OSP has gained a market share of 0.5ppt 909 to 46%, whereas there may be progress overseas as a result of the Myanmar market (about 10% of income) has a very good efficiency as a result of OSP has a can manufacturing plant in Myanmar. This makes it simpler to ship merchandise in comparison with rivals. and the price of pure fuel has fallen (99% of COGS). and 35.8% in 2025F.