Gold prices rise from 2-wk low with focus on Russia-Ukraine, Jackson Hole
Investing.com - Macquarie has upgraded Carabao Group (BK:CBG) from Neutral to Outperform, setting a price target of THB70.00.
The upgrade comes as the energy drinks maker shows robust growth in the third quarter to date, according to Macquarie’s analysis of current market conditions.
Key export markets for Carabao are displaying signs of recovery, with previous disruptions in Cambodia now easing, supporting the improved outlook for the company.
Macquarie noted the company’s resilience in its domestic market, combined with ongoing localization efforts and global partnerships, should drive solid long-term growth for the energy drinks producer.
The research firm expressed a preference for Carabao Group over OSP, citing stronger second-half 2025 expectations for CBG, while suggesting OSP’s recent gains are largely priced into its current valuation.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.