SFLEX is ready to fight in 2020
Dec 30, 2023 5:29:00 GMT
Post by account_disabled on Dec 30, 2023 5:29:00 GMT
SFLEX reveals 4th quarter 2019 excellent performance compared to the same period last year, ready to look forward to 2020 with revenue growing more than 15% from market expansion to the food packaging group. Recently received an order to produce rice bags from the CP Group. Plus there are 5 big deals with "Printhorn Aphithanasriwong", Chairman of the Executive Committee. Assessing the business, there are clear signs of a turnaround in 2020, seeing gross profit of 21-22%, reflecting a leap in net profit, Mr. Parinthorn Aphithanasriwong Chairman of the Executive Board of Starflex Public Company Limited or (SFLEX) said that the operating results trend for the 4th quarter of 2019 is leaps and bounds better than the same period of the previous year after SFLEX has penetrated into the product manufacturing customer group. consume more It has gained a new major customer, Charoen Pokphand Group (CP), and is in the process of negotiating with another 4-5 national rice producers. "The outlook for the 4th quarter of 2019 will be leaps and bounds better than the 4th quarter of 2018." You will clearly see the direction of returning to turn around.
And reflects that we have passed the lowest point of SFLEX, together with increased penetration of the premium grade packaging market in the food group, starting to generate significant income in 2020," Mr. Printhorn said while In the same year, next year the company plans to expand its large customer base even more. And there is already an order value in hand of more than 200-300 million baht. It is expected that next year production capacity utilization will increase. "Therefore, revenue is estimated to be more than 15% while gross Telegram Number Data profit is at the level of 21-23%, ready to create a new high next year," Mr. Printhorn said. Analysis from the securities company estimated the target price for 2020 of SFLEX on average at a target price of 6 baht, considered a high upside from the current price, reflecting confidence in the business and growth opportunities. It is one of the leaders in the flexible plastic packaging business that is accepted by customers. The main customer group is the major manufacturers and distributors of consumer products in Thailand. Their strengths are expertise and experience in the business.
Recognized for quality and development of new innovations to support customers Speed in delivering work Therefore able to compete with competitors at the international level. and can win the hearts of customers for a long time It is another factor that can support investor confidence in the long term. After raising funds to be listed on the Stock Exchange of Thailand (SET), the recent period will increase production potential, competition and opportunities to expand the market according to the strategy laid out. Currently, the main customers of the company include manufacturers of consumer products. Leading companies in the country such as Neo Factory Company Limited, Perfect Companion Group Company Limited, Unilever Thai Holdings Company Limited, Lion (Thailand) Company Limited and I Company. P. Manufacturing Co., Ltd., etc. The company's main proportion of sales comes from packaging for consumer products. Accounting for 80-85% of sales revenue. As packaging for consumer products accounts for 15-20% of sales, it is seen that there is an opportunity to further expand the consumer product market. In addition to the domestic flexible plastic packaging market, the company also aims to expand the market to CLMV countries.
And reflects that we have passed the lowest point of SFLEX, together with increased penetration of the premium grade packaging market in the food group, starting to generate significant income in 2020," Mr. Printhorn said while In the same year, next year the company plans to expand its large customer base even more. And there is already an order value in hand of more than 200-300 million baht. It is expected that next year production capacity utilization will increase. "Therefore, revenue is estimated to be more than 15% while gross Telegram Number Data profit is at the level of 21-23%, ready to create a new high next year," Mr. Printhorn said. Analysis from the securities company estimated the target price for 2020 of SFLEX on average at a target price of 6 baht, considered a high upside from the current price, reflecting confidence in the business and growth opportunities. It is one of the leaders in the flexible plastic packaging business that is accepted by customers. The main customer group is the major manufacturers and distributors of consumer products in Thailand. Their strengths are expertise and experience in the business.
Recognized for quality and development of new innovations to support customers Speed in delivering work Therefore able to compete with competitors at the international level. and can win the hearts of customers for a long time It is another factor that can support investor confidence in the long term. After raising funds to be listed on the Stock Exchange of Thailand (SET), the recent period will increase production potential, competition and opportunities to expand the market according to the strategy laid out. Currently, the main customers of the company include manufacturers of consumer products. Leading companies in the country such as Neo Factory Company Limited, Perfect Companion Group Company Limited, Unilever Thai Holdings Company Limited, Lion (Thailand) Company Limited and I Company. P. Manufacturing Co., Ltd., etc. The company's main proportion of sales comes from packaging for consumer products. Accounting for 80-85% of sales revenue. As packaging for consumer products accounts for 15-20% of sales, it is seen that there is an opportunity to further expand the consumer product market. In addition to the domestic flexible plastic packaging market, the company also aims to expand the market to CLMV countries.