SNNP receives the merit of “Jele”, breaking records, foreign funds marching to invest – stock dimension

2023-05-24 14:30:10

Stock dimensions – SNNP Identify “Jele” sales in Q2, breaking records, supporting profits to make new highs Beautiful, catches the eye, foreign funds listen to information continuously.

SNNP or Srinanaporn Marketing Public Company Limited by Yuanta Securities stated that the Q2/23 budget is expected to continue making new highs, initially at 160-165 million baht, as revenue from Vietnam is expected to recover. After the long holidays and GPM is expected to expand further, may reach 29% from more efficient cost management. More utilization of factory capacity in Vietnam and production costs began to decline

Expect Q1/23 do new heights

Hit a profit of 165 million baht.

KGI Securities recommends buying with a target price of 28 baht, expecting profits to continue to grow. Benefitting from the long holidays in Q2/23, the return of foreign tourists and the resumption of factories in Vietnam, maintaining the 2023 profit growth of 30%.

Beautiful in the eye, foreigner fund

Securities analysts stated that during the Songkran festival, sales of “Jele” in April 2023 reached a record high since its inception. Which accounted for 40% of total revenue, making Q2/23 budgets expected to make new highs and revenues growing more than Q1/23 with 1.4 billion baht.

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