PLUS Targets Growth Stock Status with Expected 2024 Income Exceeding 2 Billion Baht
In an announcement made by General Saeng Sae Bae, Managing Director of Royal Plus Public Company Limited, it was revealed that the company aims to maintain a base revenue close to last year’s 1.4 billion baht for this year. However, significant growth in entrepreneurship results is expected in 2024, with the company projected to achieve a record high income of at least 2 billion baht.
Expansion of Customer Base and Distribution Channels
The main driving force behind the expansion of the customer base this year is the addition of 30 new customers. It is anticipated that these new orders will contribute positively to the company’s financial performance in 2024. Furthermore, the company is planning to expand its distribution channels in America through 3,000 Walmart branches, with a target of availability in all 4.3 thousand existing branches by early next year. Additionally, PLUS is preparing to launch new products, including coconut oil mixed with coconut jelly and 100% coconut water.
Anticipated Strong Budget Growth Supported by New Product Launch
With these factors in place, PLUS is confident of achieving excellent growth in operating results in 2024, positioning itself as a Growth Stock and providing shareholders with a favorable dividend yield. Despite its strong financial position, the company has a remarkably low P/E ratio of just 0.2 times.
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Stock Dimension – PLUS Set a target to be a Growth Stock Along with a handsome dividend, the 2024 income is expected to exceed 2 billion baht.
PLUS or Royal Plus Public Company Limited by General Saeng Sae Bae, Managing Director, revealed that this year’s operating results are expected to try to maintain a base close to 1.4 billion baht last year, but in 2024 the Entrepreneurship results will create significant growth. Expect to see income of at least 2 billion baht, a record high.
Income in 2024 is expected to reach 2 billion baht.
The main factor of the expansion of the customer base this year comes from additional customers 30. It is expected that orders will see a clear positive result in 2024. In addition, the expansion of Walmart’s distribution channels in America by 3,000 branches this year. to be available in all 4.3 thousand existing branches by the beginning of next year and the company is preparing to launch new products Coconut oil mixed with coconut jelly and 100% coconut water
Ready to launch new products to support strong budget growth
With these factors ensuring excellent growth in operating results in 2024, supporting PLUS to be a Growth Stock and provide shareholders with a good dividend yield. Although its financial position is strong, it has a very low P/E of just 0.2 times.
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