Reporters reported that today (April 4, 2023) the stock price Srinanaporn Marketing Public Company Limited or SNNP At 11:12 a.m., it was 24.90 baht, plus 0.90 baht or 3.75%, the highest at 24.90 baht, the lowest at 24.10 baht with a trading value of 106.51 million baht.
Blo.Dao (Thailand) stated in the analysis (March 30, 2023) that SNNP’s net profit for the first quarter of 2023 was estimated at 158 million baht, an increase of 50% compared to the same period last year and an increase of 3% from the previous quarter with profit. growth compared to the same period of the previous year, driven by 1) total revenue increased by 30% compared to the same period last year from domestic income that grew 26% compared to the same period last year; With consumption recovering, new products have been well received. And tourist income returns to 75% of pre-Covid levels.
Foreign income grew by 45% compared to the same period last year from Vietnam’s revenue growth, 2) GPM grew from Vietnam’s GPM and lower raw material costs, and 3) SG&A to Sales declined, with profits increasing from the previous quarter due to higher GPM, with Vietnam’s GPM rising to 37%, maintaining a “buy” recommendation with a 2023 target price of 30 baht.
