BTG expects Q4/22 earnings to grow strongly and continue to grow in 2023 due to business expansion. Continue to invest at least 5 billion baht per year
Mr Vasit Taepaisitphong, CEO and President of Betagro Public Company Limited or BTG, revealed at the Opportunity Day event that the outlook for 4Q22 earnings is still growing at a high level. Or it can be close to 3Q22 and continue to grow in 66, although in terms of production costs Raw materials feed will increase. But the overall supply is not very high.
while demand continued to grow This supported the price of food and protein products to remain at a high level. After Thailand is open to foreign tourists causing food consumption in the country to grow The content of the demand for food around the world continues to grow.
The company maintains a 5-year investment plan (65-69) with an investment of no less than 5 billion baht per year. Focus on expanding production capacity This will lead to continued growth in earnings. It is in line with the short term and long term business plan. The proceeds from the 8 billion baht fundraising will be used as part of the investment plan. the rest of the cash flow
Additional investments abroad The company has clear plans to invest more in Cambodia and Lao PDR, with plans to invest in building factories and farms to increase production capacity in Cambodia and Lao PDR. But it depends on the political situation and business opportunities.
Year 66 The main support will come from expanding production capacity in almost all businesses. This will have a positive impact on sales and overall profit margins. As for the factors that worry about value for money
He confirmed that the existing shareholders were not selling their shares. The existing shareholders reached an agreement to prohibit the sale of all 100% shares held prior to the IPO, totaling 1,500 million shares for a period of 6 months after the first trading day of BTG shares.
