Dr. Worawat Chinpinkyo, CEO and Managing director of Thai Coconut Public Company Limited (SET: COCOCO), revealed the company’s outlook in 2Q25 amid projection of increasing sales growth and rising profit margin, compared to 1Q25. This increase is due to high sales order as the U.S. sales season approaches and the impact of U.S. reciprocal import tariffs still has not taken effect.
COCOCO’s strong profit aligns with the rise of the gross profit margin, driven by an upward adjustment in sales price following a spike in raw material from el niño in mid-2024 and shortage in stockpile. The shortage is expected to drag into 3Q25, but the overall outlook is expected to improve from the distribution of inventory and high sales price.
As for 2Q25, the company prepared to set up sales booths in several market events across numerous nations, such as Singapore, Birmingham of England, China, Netherland and Saudi Arabia, a market that recently began trading with Thailand. The company is currently looking for a sales agent and customer base.
Furthermore, COCOCO also plans to participate in THAIFEX–ANUGA ASIA 2025, Asia’s largest Food & Beverage Trade Show, at IMPACT Muang Thong Thani between 27 – 31 May 2025.
Regarding the plan for 3Q25, the company plans to distribute Thai Premium Street Food’s products across Albertsons’ supermarkets in the U.S. In addition, there are also plans for marketing in China, Australia, and New Zealand. The process is in the middle of negotiation.
As for the foreign investment in the Philippines through the subsidiary, Novococonut Inc., COCOCO is currently adjusting land level before constructing a new coconut milk factory that is scheduled to finish in 1Q26. This plant will help address the raw material shortage issue since coconut’s volume in the Philippines is 20 times higher than Thailand’s, which also assists the selling price competition.
