Asean-focused. Ex-Head of Thai Research

Athaporn Arayasantiparb, CFA

Equity Bottom-Up

Taokaenoi Food & Marketing / Equity Bottom-Up

<p><strong>Strong Seaweed Growth. </strong>Taokaenoi, the country’s largest seaweed producer, posted another roaring results with 34% revenue growth to Bt4.7bn in 2016 and almost doubled its earnings to Bt782m. Market share also climbed from 62% to 66%. They are wary about mentioning their next closest peer, but it is Singha Group’s Machida brand. We are not sure who the smaller brands from number 3 onwards are, but smaller major brands in Thailand include Silico and Charoen’s Onori. 41% of TKN’s seaweed is sold in…</p>

Strong Seaweed Growth. Taokaenoi, the country’s largest seaweed producer, posted another roaring results with 34% revenue growth to Bt4.7bn in 2016 and almost doubled its earnings to Bt782m. Market share also climbed from 62% to 66%. They are wary about mentioning their next closest peer, but it is Singha Group’s Machida brand. We are not sure who the smaller brands from number 3 onwards are, but smaller major brands in Thailand include Silico and Charoen’s Onori. 41% of TKN’s seaweed is sold in…

Thailand

Taokaenoi Food & Marketing PCL operates as a food services firm. The Company manufactures edible seaweed snacks.

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Taokaenoi Food & Marketing (TKN TB)

The Seaweed Kid & Tipco's Nemesis

Strong Seaweed Growth. Taokaenoi, the country’s largest seaweed producer, posted another roaring results with 34% revenue growth to Bt4.7bn in 2016...

Athaporn Arayasantiparb, CFA

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