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KEX Anticipates Turnaround in 2024 and Confident in Q3 2023 Performance

KEX Anticipates Turnaround in Operating Results, Makes Adjustments to Reduce Costs

KEX, a prominent stock dimension in the market, remains confident that its operating results will rebound in 2024. With the company’s strong determination and a revised marketing strategy, KEX aims to boost its income and establish itself as an expert in integrated transport. The management is proactively implementing measures to reduce material costs, streamline operations, and improve its network.

The third quarter of this year is expected to show promising signs of recovery, particularly in the C2C business group. KEX predicts that volume will pick up, and profitability will be evident by 2022. In a bid to achieve financial stability, the company intends to significantly reduce costs during the second half of the year through automation and digitization.

Remaining competitive in the market is a top priority for KEX. The company’s aggressive pricing strategy will continue throughout 2023, as it strives to be the last survivor in the ongoing price war. However, analysts believe that it will take several more quarters before KEX starts reporting substantial earnings. Therefore, they recommend a “Hold” approach for investors.

KEX executives assure shareholders that their confidence in the company’s turnaround is unwavering. They are determined to drive positive results by adapting their marketing tactics and cost management strategies. KEX aims to become a leader in integrated transport by optimizing its network and reducing operational expenses.

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Stock Dimension – KEX Confident that the results will turn around next year. As for this year, the broker is confident in Q3. Starting to see good signs of increased volume.

KEX from Bualuang Securities said it expects Q3 / 2023 results to begin to recover volume, especially in the C2C business group. The company aims to significantly reduce CPP within 2H23 and the company expects to start seeing profits in 2020. Q4/67

“Let’s reduce costs.

Automatic adjustment”

KEX will continue to pursue its aggressive pricing strategy throughout 2023 and reduce costs by implementing automation and digitization. If the company can be the last survivor in the price war It would be a huge plus, but KEX still needs several more quarters before it starts reporting earnings. Therefore, we still recommend “Hold”.

“Confident that the work will turn around”

KEX executives said the company remains confident that its operating results will begin to turn around within 2024 and is confident that its income will grow from the plan to adjust its marketing strategy. There is also a plan to reduce material costs and reduce costs and improve the network. Ready to aim to be an expert in integrated transport.

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