Billions in Sight: COCOCO Stock Poised for Price Surge in Lower RE Group
- Thai Coconut Public Company Limited, also known as COCOCO, has expanded its production capacity for PET bottles for coconut water by approximately 150% from the original production capacity...
- Liberator Securities expects COCOCO's profits to reach new highs in Q3/67, despite the recent increase in coconut prices.
- UOB Kay Hian Securities reported that COCOCO is about to negotiate a price increase on 1 October.
Thai Coconut Public Company Limited Expands Production Capacity
Expansion of Production Capacity
Thai Coconut Public Company Limited, also known as COCOCO, has expanded its production capacity for PET bottles for coconut water by approximately 150% from the original production capacity of 74,000 tons to 18,000 tons. This expansion aims to support the increasing demand for coconut water, especially in China.
Expect Q3/67 Profits to Reach New Highs
Liberator Securities expects COCOCO’s profits to reach new highs in Q3/67, despite the recent increase in coconut prices. The company’s production line has started producing coconut water packed in PET bottles since the beginning of August, and orders have been filled even before production.
About to Negotiate a Price Increase on 1 October
UOB Kay Hian Securities reported that COCOCO is about to negotiate a price increase on 1 October. Although the baht is strengthening, the company has no policy to lower prices, as they believe the market can still grow and it does not affect the volume.