DPAINT Gains 46% in 5 Days as CEO Expects Outperforming Revenue Growth by 2025

The share price of Delta Paint Public Company Limited (mai: DPAINT) closed at THB10.80 per share, increased THB1.40 or 14.89%. The highest price of today’s session was THB11.40 and the lowest was THB10.10 per share.

DPAINT’s stock price rose sharply for five days in a row, increasing by 46% since September 19, 2020, when it closed at THB7.40. Investors were speculating on the share price after Mr. Ronnarit Tangkaravakoon, Chief Executive Office of DPAINT, stated that estimated revenue would be around 2,050 million baht by 2025. Moreover, the company was also looking for mergers and acquisitions (M&A) and joint ventures (JV).

For this year 2022, he expected the revenue at 900 million baht after recording 434.21 million baht in the first half of this year with a profit for the half at 23.69 million baht. The performance in 2H22 will increase from the tourism industry, while hotels would open and continue to develop.