Osotspa and Carabao slipped lower on early Friday trading as a result of profit taking after Carabao announced a freeze pricing of energy drinks at THB10 amid inflation.
The share price of Osotspa Plc. (SET: OSP) dropped THB2.25/share or 6.16% to THB34.25/share, with a trading value of THB1,732 million.
The share price of Carabao Group Plc. (SET: CBG) dropped THB4.50/share or 4.27% to THB101.00/share, with a trading value of THB743 million.
Maybank Securities (Thailand) (MST) said the dip in OSP and CBG share prices today was likely due to profit taking as traders were disappointed by CBG’s move to freeze the price of its energy drink at THB10.00 amid inflation.
With both shares’ fundamentals in good shape and the business entering its high season, MST advises investors to buy on the dip.
