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Major Thai energy drink producer, Carabao Group, well-known for its Carabao energy drinks, may see rapid growth in earnings in the 2nd quarter 2020, driven by 4 catalysts namely cost savings from a new packaging factory, its new ‘Woody C+ Lock’ vitamin C functional drink, its fast-rising market share in Myanmar, and an expanding gross margin.
The company’s earnings could grow 50% in 2nd quarter 2020 from a year ago, thanks to factors including a low comparative base and rising energy drink exports.
