Finansia Syrus Securities has raised its target price for CBG to 74 baht and lifted its normalized profit forecasts for 2026 to 2028 by 11 to 19 percent. It expects 2026 profit at 2.93 billion baht, up 3.4 percent from the previous year and back above the 2024 level. The research team sees the OEM business for Loveza fruit-juice soda drinks as a key driver, with CBG starting to recognize revenue from the second quarter of 2026 at 5 million cans, rising to 15 million cans in the third quarter and 25 million cans in the fourth quarter, targeting production of 100 million cans in 2027. Meanwhile, the alcoholic beverage distribution business is expected to grow 20 to 25 percent per year over the next two to three years, and the Myanmar business is preparing to expand phase-two production capacity. Third-quarter 2026 net profit is forecast at 792 million baht, up 28.5 percent from the same period last year, marking the first return to year-on-year growth in five quarters.
Carabao Group Public Company LimitedFinansia Syrus raises target price and profit forecasts for CBG.
