Asian Sea ⁤Corporation Public Company Sees Positive Trends in Pet Food Export Business

Asian Sea Corporation Public Company,​ led‍ by⁤ Mr. Ekkamon Prasopphon Sucharit, Chief Financial Officer, has⁢ revealed that the pet food export business in the second half of the year is still positive ​due‌ to a continuous flow of orders from‍ customers. The company’s current‍ production capacity is 56,000 tonnes and is ⁢expected to support ⁢growth as expected.

Pet Food Orders Remain Busy

At the same time, the gross profit target has been increased to 17-18% of the original set, which is 14-15% after the first half of 2024. The company has ⁤already reached 19.3%, indicating a good trend in⁢ the⁤ pet food export business. The investment budget for 2024 remains at 535 million baht.

Real Estate Business⁢ Starting ‌to Bear Fruit

DBS Vickers Securities expects the trend in ‌the second half of 2024 to remain extremely stable and high.‌ The earnings trend has a good chance of continuing, accelerating throughout 2024 and continuing⁢ to grow in 2025. There will be excellent ⁢growth from real estate investments that will begin ⁣to recognize profits for ‌the first time. Maintain a “buy” recommendation, 2024 base price of 12.48 baht, using a P/E of 16 ‌times.