TU in the second half, demand recovers Assured margin of 17-18% – stock dimension

2023-08-17 15:00:33

Stock dimensions – TU or Thai Union Group Public Company Limited by “Ratinan Wongwatcharanon”, head of investor relations, revealed that the performance in the second half of 2023 is expected to continue to grow from the first half, receiving good results. more products In addition, the company has adjusted product prices according to the direction of adjusted tuna costs and various costs have started to decrease, especially transportation costs compared to the first half.

Confident that the income for the year 2016 is better than the target

Therefore, the annual revenue will be better than the target set by the company. Including the part of Red Lobster who believes that the performance will recover better than expected. And most importantly, the margin for the whole year can be maintained at 17-18% from the first half, about 16% only.

“Broke knocks target 21 baht.

Win Red Lobster to turn positive.”

TISCO Securities Assessing a target price of 21 baht/share, the second half of the performance should be better and the Q2 budget is considered to be better than expected. One hope is that Red Lobster has a chance this year and next year to turn around and turn profitable. Therefore, the profit for the year 2013 is expected at 6,347 million baht and for the year 2014 at 8,550.70 million baht. In the case of the last 200 million shares repurchased, the average price is 14.88 baht. This may be part of reducing capital instead to benefit the company and investors.

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