Stock Dimensions – SNNP sends 'Jele Fit' to taste the nutritional supplements business, indicating the summer 'Jele' is selling well, supporting the Q2/67 budget, which is very good.
SNNP or Srinanaporn Marketing Public Company Limited by Mr. Wirot Wachiradechkul, Senior Deputy Managing Director. The 2024 strategic plan revealed that it will penetrate the nutritional supplements business, making JellyFit the leading business. Which launched in March found that sales were better than expected, while in Q2/67 Jele Beauty and Magic Farm found that sales grew until production was unable to keep up with demand.
Send “JeleFit” to taste the nutritional supplements
Asia Plus Securities expects to achieve profits of 159 million baht in the first quarter of 2024, an increase of 3% year-on-year, supported by domestic sales after the launch of new products and new flavors such as “Bento Max” and crispy chicken skin from the brand Lotus Chicken Flavors. Fried and lavash from Hat Yai, including “Jelly Fit” which is a new product that has been on the market since March 2014.
Summer encourages 'Jele' to sell so well that it cannot be produced in time.
Coupled with the summer being faster and hotter than usual and as a result, sales of Jele and Magic Farm beverage products have declined Climbing higher every month It is believed that the trend of SNNP's operating performance for the rest of 2024 will improve both the quarter and last year and reach the highest record for this The year in the fourth quarter/24. He maintained 2024 earnings estimates at 760 million baht, up 19.5%, and may recommend “outperform.” “Target price at 22.70 baht
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