TUF expected to hit $5 billion sales target for next year (Opinion)
SEAFOODNEWS.COM [Thai News Service] - December 17, 2014 -
The Maybank Kim Eng Securities Firm has upgraded thier outlook for Thai Union:
We have revised up our earnings forecast for TUF to price in better gross margin from declining tuna prices.
In 2015 earnings should expand further, supported by recovering tuna prices that will help returning orders. The shrimp business should contribute higher profit due to a 10-20% increase in Thailand's shrimp supply.
TUF will recognise full-year revenues from MerAlliance and King Oscar, giving upside on our projection of 6%, THB400m or an additional value of THB5.60/share.
We also expect to see other M&A deals allowing TUF to achieve its 2015 sales target of USD 5 billion.
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