Osotspa likely faces some headwinds, TTB Wealth Securities' Nuttapop Prasitsuksant says in a research report. The brokerage sees limited growth potential for the Thai beverage maker's domestic energy drinks owing to market saturation. While the company's pivot to functional drinks has been successful, this segment looks small, with a market size of 7.3 billion baht in 2025. Also, rival Carabao Group has signaled a price-led penetration strategy for Myanmar, which poses a risk to Osotspa's roughly 60% share in this market, the analyst says. The brokerage downgrades the stock to sell from buy and lowers the target price to 16.00 baht from 19.60 baht. Shares fall 2.25% to 17.40 baht. (ronnie.harui@wsj.com)
Osotspa Likely Faces Some Headwinds — Market Talk
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