Equity Analysis /
Thailand

TH : Taokaenoi Food & Marketing - Brighter outlook in FY21F

    CGS-CIMB
    21 January 2021
    Published byCGS-CIMB

    TKN’s management is confident of a recovery in FY21F, in both its domestic and export markets. Expansion into non-seaweed products and increased distribution coverage could be key catalysts for its domestic and export sales growth, respectively. Reiterate Add with a higher target price of THB14.80.