Earnings Report /
Thailand

Osotspa PCL: Weak 3Q22 result, as expected

  • Weak earnings in line with our estimate, but missed the street

  • OSP reported a net profit of Bt244m for 3Q22

  • Revenue was flat YoY and slid 14% QoQ

Bualuang Securities
10 November 2022

We believe OSP’s mitigation plans will take time to effect change, so maintain our HOLD rating. Within beverage space, we currently prefer CBG.

Weak earnings in line with our estimate, but missed the street

OSP reported a net profit of Bt244m for 3Q22, down by 58% YoY and 60% QoQ. The number was in line with our estimate, but was 20% below the consensus.