SORKON: Processed Food Is the Main Driver of 53% YoY Earnings Growth
SORKON had 1Q18 recurring net profit of Bt32m (+53%YoY, +50%QoQ). The 1Q18 result was 30% of our full-year forecast and better than our...
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SORKON: Franchises and Delivery Services Drove 50% 2017 Net Profit
SORKON had 4Q17 recurring net profit of Bt33m (-32%YoY, -12%QoQ). The FY2017 recurring net profit was Bt109m (+50%YoY) and 20% better our...
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SORKON: Biggest Player in Thai Traditional Processed Food
We initiate coverage on SORKON with a BUY rating based on a target price of Bt104 derived from 22.4xPE’18E Asia ex-Japan Consumer Staples Sector....
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