Drilling into Success: ASIAN Sees 18% Full Margin, Smashes Full-Year Performance Records
- 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...
- 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.
- DBS Vickers Securities expects the trend in the second half of 2024 to remain extremely stable and high.
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.