2023-05-23 15:00:45
Stock dimensions – SAPPE Q2 and Q3 results set new records From expanding distribution channels in Europe, the Middle East, ready to go through new products, 5 SKUs, brokers to raise profits in 2013-2024 continuously, brokers give the highest target of 97 baht.
SAPPE by Yuanta Securities (Thailand) stated that Q2/2023 profits are expected to grow QoQ and YoY, reaching a new quarterly high after Expanding distribution channels in all regions including Europe, Asia, the Middle East and America, launching new products for sale in the country in the amount of 5 SKUs, hoping to penetrate more Chinese tourists.
“Profit trend Q3
will continue to do new highs.”
It also marketed more in Korea. And the recognition of new production capacity that comes from outsourcing production (OEM). As for the profit trend in Q3/23, making new highs continuously for the summer of Europe. Plus, the warmer weather boosts demand for beverage products. Therefore, 2023 and 24% profit forecasts have been revised up by 22% and 24% to 946 million baht (+42% growth) and 1,233 million baht (+30% growth). Respectively, appraised at a reasonable price of 78 baht.
“Set sales targets
This year has grown by 25%.”
While Krungsri Securities stated that executives still target sales growth this year of 25% from the launch of new products. expand sales channels and increasing production capacity The research department estimates that Q2/23 profits will increase both QoQ and YoY, sales increase. due to entering the high season (Target price according to IAA Consensus, highest at 97 baht of TISCO Securities)
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