COCOCO Rises 4% as Broker Sees Potential in New Products Launched at THAIFEX

On Thursday at 10:34 AM (Bangkok time), the share price of Thai Coconut Public Company Limited (SET: COCOCO) rose by 3.94% or THB 0.50 to THB 13.20, with a trading value of THB 183.24 million.

Liberator Securities stated that COCOCO had launched interesting new products at the THAIFEX event, such as 100% coconut water PET bottles, coconut water mineral drinks, carbonated coconut water, coconut yogurt, coconut milk mixed with fruit juice, fruit flavored drinks mixed with coconut jelly, coconut coffee, coconut bubble tea, and fruit ice cream, which were expected to help support sales from 2025.

The 2Q24 earnings were expected to reach an all time high, while the full-year forecast was estimated at a rise of 101% YoY, following the increase in production capacity and orders from China.

The firm foresees COCOCO as an attractive growth stock to collect, giving a strategic target price of THB 16.30 per share.