SAPPE : Impressive Sales Form MOGU MOGU Drove 3Q22 Earnings to All-Time-High

SAPPE: Targets to Hit Revenue at Bt10bn by 2026

SAPPE : Solid Export Sales Drove 2Q22 Profit to New High

SAPPE: MOGU MOGU Boost Earnings Momentum in 2022-24

Thai Equity - Bottom-up - Equities, Pi Securities PCL, Thailand

Pi Research

Thai Equity - Bottom-up - Equities

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Equity Bottom-Up

<ul>
<li>We maintain BUY recommendation for SAPPE with a target price of Bt43.0 Yesterday analyst meeting came out with a positive tone given its solid long-term revenue growth outlook. However,SAPPE’s profit </li>
<li>MOGU MOGU is on demand Management revised up target revenue growth in 2022 from 15%-20% to30%-35%backed by strong sales momentum for exported markets while target domestic sales to recover HoH </li>
<li>We maintain positive view on its long-term growth outlook backed by solid demand for MOGU MOGU which have been proving by No.1 market share in fruit juice drinks category </li>
</ul>


We maintain BUY recommendation for SAPPE with a target price of Bt43.0 Yesterday analyst meeting came out with a positive tone given its solid long-term revenue growth outlook. However,SAPPE’s profit 
MOGU MOGU is on demand Management revised up target revenue growth in 2022 from 15%-20% to30%-35%backed by strong sales momentum for exported markets while target domestic sales to recover HoH 
We maintain positive view on its long-term growth outlook backed by solid demand for MOGU MOGU which have been proving by No.1 market share in fruit juice drinks category 


SAPPE : Continue Deliver Solid Earnings in 3Q22

Sappe Pcl

SAPPE : Continue Deliver Solid Earnings in 3Q22