The reporter said that today (13 February 23) the stock price Royal Plus Public Company Limited or PLUS The latest at 10:43 at 8.75 baht, plus 0.35 baht or 4.17%, highest at 8.75 baht, lowest at 8.50 baht with a trading value of 10.15 million baht.
at prices that continue to rise General Saeng Sae Bay Mr President Royal Plus Public Company Limited or PLUS It was revealed to “Hoon Business News” that the direction of operations in 2023 will continue to grow from the previous year. The goal is to have sales revenue grow at 30% from the year 2022, which is considered as the highest ever growth in revenue (New High) continuously from the year 2022 from the expansion of distribution channels from the two existing customers. and new customers added New products are released in 2023, including new packaging modifications to support new market expansion.
“We believe that in 2023, the overall coconut water beverage market will continue to grow. The main growth factors come from the global coconut water drink market, which still has a growth rate of 10%, together with the customer group has expanded distribution channels. As a result, the company also has more income. “ General Saeng said
At the moment, the company is negotiating with distributors. (Distributor) originally to expand new distribution channels. It is expected that by 2023, it will see clarity in the expansion through distribution channels in “Walmart” department stores, increasing to 4,000 branches from what is currently available in “Wo” department stores. ”, a total of 2,000 branches, which will have a positive effect on PLUS sales as well.
For the year 2023, the company will continue to expand the market as planned. both in the US market This includes adding new channels through the same distributor and finding new distributors, including adapting packaging to support the expansion of new sales channels and launching new products to support market expansion. There is also the Middle East market. which has expanded the market and found products that meet more consumer needs
Although the investment project for a plastic bottle production line (PET) is in the process of waiting for the machines to come in. It is expected that it will be able to operate commercially by the end of the second quarter of 2023. The above machines will be modern machines that can support production. the two original products And new products from PLUS have increased, including new machines, leading to a reduction in the production cost of PLUS, which led to an increase in profitability.
In addition, the company expects that sales revenue for the year 2022 will grow above the target of 1,500 million baht, which will make a new peak or grow 50% from the year 2021 with a total revenue of 1,000 million baht, which in the first 9 months In 2022, the total income was 1,216 million baht. New highs have been made according to orders that have recovered according to use. There will be a meeting of the Board of Directors. To consider and approve the operating results for the year 2022 and notify the financial statements on 23 February 2023.
securities company Yuanta (Thailand) Co., Ltd. It said it now recommends “buying” PLUS shares, setting a reasonable price of 10.20 baht per share, and expected net profit in 2022 at 204 million baht, an increase of 93.8% from the previous year with a net profit of 86 million baht. In the fourth quarter of 2022 there will be a net profit of 29 million baht, growing 16% from the same period last year. This is mainly from the growth of the US market because the products that are popular in the market continue to grow continuously. and expanding more distribution channels In the US, the Middle East and Asia, along with revenue recognition from new products under Own-Brand such as Plant-Based Yoghurt which penetrated the US market and Mabu milk tea which penetrated the markets domestic and CLMV in a full quarter. . Although the relaxation of shipping costs has helped support the purchasing power of customers.
In addition, the analyst predicts that net profit in 2023 will continuously grow to a new record at 257 million baht, with the profit trend in the first quarter of 2023 being more pronounced. growth from the previous quarter and the same period last year which benefited from the opening of China in early January Because China is one of PLUS’ main markets, with a revenue share of around 20% of total revenue, which will be affected by the closure in 2022, causing growth to not be able to reach the level it should be.
Therefore, the reopening of the country will have a direct positive impact on the trend of exports to China in the first quarter of 2023 and will continue to rise throughout 2023. In addition, the company will begin to recognize revenue from new PET bottling lines in the first quarter . To begin with, PLUS net profit in the first quarter of 2023 is expected to be in the range of 50-60 million baht, growing from the previous quarter. and grew from the same period last year.
