Yuanta Securities (Thailand) estimated that the revenue of Thai Coconut Public Company Limited (SET: COCOCO) in 2Q25 would continue to recover from the previous quarter due to the passing of the low season, but still declining when compare to the figure from the same period of last year due to high revenue base amid low coconut price.
The trend of COCOCO’s revenue in 3Q25 is expected to grow when compared to the previous quarter, but fall when compared to the previous year. Still, this decrease is expected to be narrower moving forward.
The securities’ analysts speculated that in 4Q25, COCOCO’s revenue would have an opportunity to grow higher than the figure from the same period last year due to the low base amid higher coconut price that the company started to recognize late last year.
The analysts also have a positive view on COCOCO’s mid and long-term growth, following the debut of IFBH’s initial public offering and the opening of a new factory in the Philippines.
Yuanta Securities recommended “BUY” on COCOCO with a target price at THB 7 per share. The securities’ analysts viewed that the declining share price was already priced in negative factors. Moreover, the situations of the trade war and the war in the Middle East are improving, causing the analysts to expect a recovery in the export group’s shares.
