#ADB #Thunhoon – ADB airlines go ahead with exports and expand into new markets.

#ADB #Thunhoon – ADB airlines go ahead with exports and expand into new markets. The executive “Pornpiwan Niramoncherdchay” sent a report for this quarter, 2/2024, showing warning signs of high margins. The director created the turn-around work. Keep an eye on the government budget to support businesses for the remainder of this year and prepare for the ESG business game.

Ms. Pornpiwan Niramoncherdchay, Managing Director of Applied DB Public Company Limited or ADB, revealed that ADB’s business currently consists of the production of compound plastic pellets. Sold to industrial factories for use as raw materials in the production of wires, cables, shoe soles, and furniture edge trims. and medical group Last year, the company separated into business groups to produce and sell adhesive products. and grout products for use in industrial applications and is a subsidiary of ADB\

**Business begins to recover

ADB’s business admits that it is dependent on the petrochemical industry. And in the past, it has been affected by the prices of petrochemical raw materials, which adjusted sharply and were in short supply at certain times. While at the end of last year it was affected by the government budget. Because 80% of revenue is in electrical wire compounds. and is a government job It directly affects sales. As a result, the previous year’s sales did not meet the target.

As for the first half of 2024, there will still be some impacts. The company sees sales in the first half of the year still shrinking. Including the budget from the government sector has slowed down. Meanwhile, the real estate group has not yet recovered. Even the use of compounds in the electrical industry has decreased.

However, the business direction in the 2nd quarter of 2024 is starting to show signs of recovery. and improved Makes the profit rate (margin) picture look better in the 2nd quarter of 2024, but has not yet reached the turnaround level. or turn a profit As for the overall growth in 2024, the company plans to close the channel. Or sales gaps that do not generate income, with a proportion of 40-50% being sales of electrical compound products and approximately 20% being medical compounds.

** Exports are growing clearly.

While the clear picture of ADB’s growth is exports and finding new markets. After the company attended a foreign exhibition and has received more foreign attention By bio-based products which relates to biotechnology products This was 3-4 years ago and it is believed that from now on this industry will expand further. Ms. Pornpiwan further said that for the stock market in the past, the ADB share price may not be very responsive to the market situation. Because the company did not expand its bad business. But it is an expansion of ADB’s future business base and the company remains within the framework of working ethically. and has always been in the ESG trend. It is expected that in the future ADB’s operating results will return to a turnaround this year or next year (2025).