XO Jumps 7% ahead of Estimated Bright Outlook in 2Q21, Analyst Upgrades TP to ฿26
XO rose ฿1.50/share or 6.79% to ฿23.60/share with a trading value of 163 million baht at the closing bell on Monday, June 28, 2021.
XO rose ฿1.50/share or 6.79% to ฿23.60/share with a trading value of 163 million baht at the closing bell on Monday, June 28, 2021.
28 มิ.ย. 2564

The share price of Exotic Food Public Company Limited (XO) rose ฿1.50/share or 6.79% to ฿23.60/share with a trading value of 163 million baht at the closing bell on Monday, June 28, 2021. 
KTBST Securities (KTBST) has given a “BUY” recommendation on XO with a target price of 26.00 baht per share, up from 18.00 baht, based on 2021E PER at 23x (= 5-yr average PER) vs. 18x, -0.5SD.
KTBST has a positive view on the company’s outlook that has upgraded a profit growth target to +30%-40%, compared to +20%-25% growth a year earlier. KTBST expects revenue in 2Q21 to continue its momentum from 1Q21 from roughly 450 million baht in hand sales. Together with the new sales approach, Listing fee, that delivers a benefit to the company faster than expected.