Stock Dimension – TEGH It’s time to grow, expecting revenue in 2024 to reach 1.5-16 billion baht, making it an All-Time High. Benefiting from the recovery in rubber price spreads.
TEGH or Thai Eastern Group Holdings Public Company Limited, led by Mr Wongkrit Jiamsriphong, Chief Corporate Strategy Officer, revealed that in 2024 it is expected that the sales volume of block rubber will be 240,000 tons, increasing From 2023 at 2 hundred thousand tons. and the spread is expected to increase to 2 baht per kilogram from 2023 to less than 1 baht.
This year’s rubber sales are set at 240,000 tonnes.
The reason is recovery following an increase in demand, especially in case “The European Union” Preparing to use the EU Deforestation Products Regulation or EUDR Imports of rubber and rubber products must come from rubber plantations with legal documentation. Do not cut trees and destroy forests. It is considered a business opportunity for the company because it has a high margin. It has started discussions with customers to export products that meet EUDR standards and sales are expected to start in the second half of the year.
About to sell tires as per the criteria EUDR
In addition to the above factors, other business groups were found to have good growth directions. Both the palm oil business and renewable energy, which will begin to feel the benefits of COD from the end of 2023, are expected to have a positive impact on this year’s operating results with excellent growth. Income reaches the level of 15-16 billion baht, which makes an All Time High record.
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