ICHI bounces 3%, recommends “buy” with a target of 12 baht, expects Q3 profit to grow 42%, receiving higher sales

The reporter reported that today (12 Oct. 65) the share price Ichitan Group Public Company Limited or ICHI At 10:41 am at 9.65 baht, plus 0.30 baht or 3.21%, the highest at 9.70 baht, the lowest at 9.45 baht, with a turnover of 27.40 million baht.

delete.TISCO It states in the analysis (11 Oct. 20) that ICHI’s 3Q/22 net profit is expected at 182 million baht, an increase of 42% compared to the same period last year and an increase of 19% from the previous quarter. As a result of increased sales and recognition of profit sharing from joint ventures in Indonesia, 1) domestic sales are expected to increase 59% y-o-y and 10% q-o-q. following the opening of the city Start recognizing revenue from major OEMs from Q3/22 onwards and the company is preparing to launch new products in 4Q22, focusing on healthy beverages, healthy trend, with a “buy” recommendation with a target price of 20 baht at 12 baht.

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