Earnings Report /
Thailand

Carabao Group PCL: Disappointing 3Q21 result, recovery ahead in 4Q21

  • Short of all estimates

  • CBG reported core profit of Bt601m for 3Q21

  • We expect YoY earnings flattish with QoQ recovery in 4Q21

Narumon Ekasamut
Narumon Ekasamut

Equity Research Analyst

Bualuang Securities
15 November 2021