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32 articles for Thai Union Group PCL
Thai Union Group PCL: Core profit beat model; a YoY core profit rise expected for 1Q23
Net profit was aligned with model but core profit beat our estimate. TU posted a 4Q22 net profit of Bt1.24bn. We model a Bt1.9bn core profit for 1Q23.
Prasit Sujiravorakul @ Bualuang Securities 21 February 2023
Thai Union Group PCL: Weaker 4Q22 earnings expectations—a short-term blip
Modest YoY sales rise anticipated for 4Q22. Pet care and ambient seafood units to lead the 4Q22 sales growth. GM in 4Q22 expected to drop both YoY and QoQ.
Prasit Sujiravorakul @ Bualuang Securities 20 January 2023
Thai Union Group PCL: Lower freight and raw material costs—key catalysts for 2023 earnings
RL’s demonstrable operational improvement expected in 1Q23. Decelerating YoY sales growth and lower GM expected in 4Q22. Lower prices of key raw materials and freight expected in 2023.
Prasit Sujiravorakul @ Bualuang Securities 7 November 2022
Thai Union Group PCL: Exceeded our model; a small YoY core profit rise expected for 4Q22
Net and core profits beat our estimates. TU posted a 3Q22 net profit of Bt2.53bn. We model a Bt1.93bn core profit for 4Q22.
Prasit Sujiravorakul @ Bualuang Securities 3 November 2022
Thai Union Group PCL: Favorably weak THB to underpin sales and GM in 2H22
Solid 3Q22 sales growth expected for all business units. GM anticipated to rise QoQ to 18%; QoQ stable equity loss from RL. Insights into 3Q22—core profit to rise YoY and QoQ.
Prasit Sujiravorakul @ Bualuang Securities 30 September 2022
Thai Union Group PCL: RL turnaround targeted in 2023
RL targeted to reach break-even point in 2023. Short-term blip of tuna price rise in 3Q22; GM to improve in 2H22. On track to meet 2025 targets.
Prasit Sujiravorakul @ Bualuang Securities 19 September 2022
Details
Thailand
Asia
Consumer Durables & Apparel
About
Thai Union Group Public Company Limited produces and exports frozen and canned seafood products including frozen tuna loin, shrimp and cephalopod. The Company also produces canned pet foods from by products of its seafood process. Additionally, the Company produces fish snack and canned tuna which are marketed locally.
