#COCOCO #Top Stocks – Maybank Securities (Thailand) recommends stocks of Thai Coconut Public Company Limited or COCOCO, whose 4Q23 profits are expected to expand significantly compared to the previous quarter. and compared to the same period last year There is an opportunity to accelerate to a quarterly peak (Bloomberg Consensus expects full-year profits in 2023 at 530 million baht), with coconut water profit margins likely to return to levels usual. After the share of contract production decreased Meanwhile, the growth of the Chinese market should continue to be good in 2024, together with more production capacity, supporting the acceleration of profits (Consensus expects it to reach 710 million baht).
Investment strategy The stock price has a positive technical signal. Speed up and hopefully make a new high. During the week above 8.40 baht, focus on Follow Buy, recommend speculation. Provide resistance at 8.50 / 8.75 baht and support at 8.30 / 8.10 baht.
COCOCO stock price moved in the afternoon at 8.35 baht plus 0.20 baht or 2.45%, with a trading value of 75.84 million baht.
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