SAPPE plus 4%, broker showing strong Q3 profit growth, strong exports – tight foreign customer base, targeting 47.50 baht

Reporters reported that today (August 19, 65) the share price Sappe Public Company Limited or JUICES At 15:39, at the level of 40.50 baht, plus 1.50 baht or 3.85%, the highest at 40.50 baht, the lowest at 39.25 baht, with a turnover of 55.93 million baht.

KGI Securities (Thailand) Public Company Limited stated in the analysis that the third quarter JUICES There is still strong export momentum. The company has raised its revenue growth target this year to 30-35% following successful brand building and engagement in many export markets. both the Philippines, Indonesia, Korea and France. To seize the opportunity for growth, the company plans to increase production capacity another 20% in 2023, which will support revenue growth of around 35% and reduce the pressure in 66.

However, the research department has raised its profit forecast for the year 65 by 6%, the year 66 by 2%, in the year 67 by 2% and to use the target price of the year 66 at 47.50 baht.

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