On Tuesday at 11:41 AM (Bangkok time), the share price of Osotspa Company Limited (SET: OSP) rose by 1.42% or THB 0.30 to THB 21.50, with a trading value of THB 125.48 million.
According to Finansia Syrus Securities (FSS), OSP’s market share in the energy drink sector for October showed a rebound to 45%, up from September’s 44.8%, with growth observed in both traditional and modern trade channels. This increase is attributed in part to the improved flood situations during that period. Additionally, Thailand’s energy drink market value in October saw a 4% upsurge from the previous month and a 12% rise compared to the same period last year.
By introducing new product lines and offering products priced higher than THB 10-12, OSP managed to marginally reclaim its market share. Meanwhile, the continuity of products priced at THB 10 aimed to provide customers with options and enhance competitiveness in the market.
The analyst anticipates that OSP has likely surpassed its weakest point in the third quarter of 2024 and foresees a quarter-on-quarter and year-on-year profit increase in the fourth quarter of 2024. The company is also expected to record a substantial 74% year-on-year surge in its earnings for 2025.
As a result, Finansia Syrus Securities (FSS) issues a ‘BUY’ rating for OSP, setting a target price of THB 28 per share.
