DAO Securities stated in today’s analysis (30 September 65) that Thai Union Group Public Company Limited or TU Profits in the second half of 2022 will improve compared to the first half. supported by an increase in selling prices The gross profit margin for the full year 2022 is estimated at 17.9%, compared to 17.2% in the first six months. The number of sales is also increasing.
while the baht continues to depreciate The latest is at Bt37.94/USD, depreciating 14% YTD. TU Red Lobster is expected to begin a Turnaround in 4Q22 with menu adjustments and an increase in prices.
Estimated net profit in 2022 at 7.87 billion baht, a decrease of 1.70% compared to the same period last year and 2023 at 8 billion baht, an increase of 1.8% compared to the same period last year. Recommend buy with a target price of 19.50 baht.
/cloudfront-ap-northeast-1.images.arcpublishing.com/chosun/TD7B5HH33LF2BICM4EDMPGU3XI.jpg?fit=300%2C300&ssl=1)
