On Monday at 12:14 PM (Bangkok time), the share price of Thai Coconut Public Company Limited (SET: COCOCO) rose by 2.10% or THB 0.15 to THB 7.30, with a trading value of THB 49.64 million.
Yuanta Securities stated that COCOCO’s earnings in 2Q25 are expected to continue recovering from the previous quarter as the company moves past the low season. However, profits will likely remain lower year-on-year due to last year’s high base, when coconut prices were still low.
Third-quarter profits are expected to improve further from the previous quarter, with the year-on-year decline gradually narrowing. Additionally, the analyst projects that profits could return to growth year-on-year in the fourth quarter of 2025 as the company starts to benefit from the higher coconut price base.
The brokerage firm maintains a positive outlook for COCOCO’s medium- to long-term growth, supported by: 1) the positive impact of IFBH’s IPO, and 2) the opening of a new factory in the Philippines.
Yuanta Securities maintains COCOCO’s profit forecasts for 2025-2026, but has adjusted its target price to 7 baht per share for the end of 2026.
The analyst notes that the recent share price drop has already reflected much of the negative sentiment, and with ongoing improvements in both the global trade and Middle East geopolitical situations, the outlook for export-related stocks is improving, consequently upgrading COCOCO’s rating to ‘BUY.’
