Brokers have raised their profit estimates and target prices for Carabao Group Public Company Limited, or CBG, after second-quarter 2026 results came in better than expected. Yuanta Securities Thailand raised its 2026 normalized profit forecast by 5.4% to 2.712 billion baht, and its 2027 forecast by 1.3% to 3.124 billion baht. It also lifted its end-2027 fair value to 70 baht per share from 50.50 baht, implying 27.3% upside, and maintained a buy rating. Bualuang Securities raised its 2026 profit estimate by 8.4% and its 2027 estimate by 8.2%, and increased its end-2027 target price to 63 baht per share from 56 baht, also maintaining a buy rating. CBG reported second-quarter 2026 normalized profit of 736 million baht, up 20.5% quarter-on-quarter but down 8% year-on-year, beating expectations of 630 to 650 million baht. Total revenue was 5.829 billion baht, up 9.6% quarter-on-quarter and 4.5% year-on-year, supported by the energy drink business, distribution business, and domestic OEM business, as well as overseas revenue recovering 23.5% quarter-on-quarter on channel expansion in Myanmar and strategy adjustments in the United Kingdom. The company announced an interim dividend for the first half of 1.00 baht per share, representing a dividend yield of 1.8%, with the ex-dividend date on August 27 and payment on September 11, 2026.
Carabao Group Public Company LimitedBrokers raised profit forecasts and target prices after Q2 2026 beat expectations.
