Post by account_disabled on Feb 27, 2024 6:55:53 GMT
XO assesses the situation at the beginning of 2021 as planned. Sauce group products are still heroes that have received response from many customers. Currently, XO has a lot of orders until February. It is considered a high number, supporting beautiful Q1/64 results, reflecting still overflowing demand. Revealing plans to penetrate the European market And China this year is going according to plan. Revenue is set for 2021 to grow 10-15%, while profits are set to grow 20-25%, preparing to record a new high for the company, Mr. Jittiphon Chantarat, Managing Director of Exotic Food Public Company Limited or XO revealed that the business trend in 1Q21 has a good direction. From advance orders that came in since December of 2020 and have been waiting for delivery until February.
Because we have more sales space Customers are ordering more products, including Jamaica Mobile Number List adding new flavored products for sale, especially sauce products. This is a product group with a high margin. The company is still in the process of entering the European market. and China additionally according to plan By placing an investment budget to pay the entry fee (Listing fee) this year and will start to see clarity in the 3rd quarter of 2021 onwards, which the plan will support both sales. and profits to grow from the economy of scale. Therefore, in 2021, revenue is set to grow 10-15%, while profits are set to grow 20-25%, making a new record high for the company. Continuing from 2020 , however, the COVID-19 situation that has returned to spread in many countries around the world including in Thailand Or even though many countries have begun to vaccinate against COVID-19, the number of infected people is still increasing, especially in Europe.
It is therefore seen that this will still have a positive effect on the Company. But it is not the main factor in XO's growth in analytics. Nomura Securities Company stated that XO expects in the 1st quarter of 2021 to make the highest profit since the company was founded. Still have a positive view, recommending "Buy" from TP21F 15.3 baht because 1) it is still a good industry. and corresponds with the trend of cooking your own food in Europe. 2) It is an export stock that is less affected by the strong baht (compared to the United States) from a proportion of 75% sold in baht vs. the euro. which also benefits comparatively from the depreciating baht 3) Opportunity to pay dividends that are higher than expected From the current expectation of 0.36 baht/share (Yield 3%, Payout 50%) from Net cash financial position and no major investment plans. 4) Estimated profit for the 4th quarter of 2020 to be 71 million baht, decreased compared to the previous quarter.
Because we have more sales space Customers are ordering more products, including Jamaica Mobile Number List adding new flavored products for sale, especially sauce products. This is a product group with a high margin. The company is still in the process of entering the European market. and China additionally according to plan By placing an investment budget to pay the entry fee (Listing fee) this year and will start to see clarity in the 3rd quarter of 2021 onwards, which the plan will support both sales. and profits to grow from the economy of scale. Therefore, in 2021, revenue is set to grow 10-15%, while profits are set to grow 20-25%, making a new record high for the company. Continuing from 2020 , however, the COVID-19 situation that has returned to spread in many countries around the world including in Thailand Or even though many countries have begun to vaccinate against COVID-19, the number of infected people is still increasing, especially in Europe.
It is therefore seen that this will still have a positive effect on the Company. But it is not the main factor in XO's growth in analytics. Nomura Securities Company stated that XO expects in the 1st quarter of 2021 to make the highest profit since the company was founded. Still have a positive view, recommending "Buy" from TP21F 15.3 baht because 1) it is still a good industry. and corresponds with the trend of cooking your own food in Europe. 2) It is an export stock that is less affected by the strong baht (compared to the United States) from a proportion of 75% sold in baht vs. the euro. which also benefits comparatively from the depreciating baht 3) Opportunity to pay dividends that are higher than expected From the current expectation of 0.36 baht/share (Yield 3%, Payout 50%) from Net cash financial position and no major investment plans. 4) Estimated profit for the 4th quarter of 2020 to be 71 million baht, decreased compared to the previous quarter.