Stock Dimension – CBG Sales shake up in the first quarter, juicy growth After the beer business shows signs of strong growth Ready to create annual sales growth of 30,000 million baht, the broker’s side predicts a bright future, looking at a distant target of 100 Baht, order to go.
Bualuang Securities Public Company Limited revealed the direction of the beverage industry, forecasting profit growth in 2024 at 15% compared to the same period last year. supported by better trends in the domestic market. along with the growth of exports
Target 100 baht
For investment, we maintain our “buy” recommendation on Carabao Group Public Company Limited (CBG) stocks due to additional income from the packaging and distribution business. The current share price is cheap compared to past levels and CBG can increase its market share to 25%, with an estimated target price of 100 baht.
Mr. said Sathien Sathithamma, CEO of CBG, that the operating performance direction for the first quarter of this year has seen sales continue to grow. The beer business will realize the full quarter from the continued expansion of product demand. Although we haven’t released the product for a long time,
Sweep the total of 30 billion
For the operating results of 2024, the company targets sales at 30,000 million baht, while the overseas business remains stable. But the company is still moving forward to create a balance of income domestically and abroad to grow strongly in the future.
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