Stock dimension – SFLEX by “industry news sources” revealed that Q2/23 performance is expected to grow continuously (Q1/23 new high profit in several quarters at 40.70 million baht) from increased order volume. greatly Later, product development strategies were used to meet the diverse needs of customers. and increase production capacity to meet future demand Including having a plan to invade the product group for a high margin, especially the “medical group” more, expected to help drive growth in the future, so in 2023, the total revenue is expected to make a new high from the previous year at 1.69 thousand million
spread wings in foreign markets
It is confident that the performance will continue to grow every year. From investment projects such as SFLEX joining hands with SCG Packaging Public Company Limited or SCGP to invest in “Star Print Vietnam JSC or SPV”, a company in Vietnam. Doing business in printing and paper packaging with main customers being manufacturers of consumer products covering ASEAN, Australia, America and Europe, in which SFLEX holds 25% of shares.
Not only that, SFLEX has also jointly invested with Thai Union to establish a subsidiary under the name Star Union, in which the company holds 50% of shares. Recently, the company has bought land to build a factory and sell flexible packaging. Thai Union has customers around the world who will Help support the growth of the company in the future. By setting a target of income to touch 1,500 million baht by the year 70
profit bookmarkSPV-Knock target 5.50 baht.
“Finansia Syrus Securities” revealed that in 2013-2024, SFLEX is expected to generate new high profits of 185 million baht +239% yy and 229 million baht +24% yy, respectively, supported by a gross margin of Accelerated in line with commodity prices that decreased from the previous year. It is also driven by the acquisition of SPV shares expected to be completed in August 2023, which will increase profits for SFLEX by 10 million baht in 23 and 34-36 million baht per year in 24-25, so recommend “ Buy” with a target price of 5.50 baht.
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2023-07-02 15:05:04
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