Finansia Syrus Securities Public Company Limited, or FSS, said in an analysis that it recommends "buy" on Carabao Group Public Company Limited, or CBG, with a 2027 target price of 74 baht, citing a clearly recovering earnings outlook in the second half of 2026. FSS expects CBG's revenue momentum in the third and fourth quarters of 2026 to have a chance of hitting a new record high, supported by expansion of its contract manufacturing, or OEM, business, such as the Loveza product, which will help lift capacity utilisation and support margins. For third-quarter 2026 results, CBG is expected to post net profit of about 792 million baht, up 8% from the previous quarter and 29% from the same period a year earlier, marking its first return to year-on-year growth in five quarters. For the full year, FSS estimates 2026 net profit at 2.93 billion baht, up 3% from a year earlier, before rising to 3.37 billion baht in 2027, or 15% growth from the prior year. In addition, in the short term, if crude oil prices continue to fall, that would be a positive factor for CBG's costs and help support investment sentiment in the stock further. On the technical front, FSS sets support at 54 baht and resistance at 56.25 baht and 58-59 baht.
Carabao Group Public Company LimitedFSS recommends buy on CBG with a 74 baht target, citing recovering earnings and 29% Q3 profit growth.
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