ADB joins forces with Japan Forward to medical plastic resin products

Reporter “Mati stock” reported that Applied DB Public Company Limited or ADB operates the plastics compound business. Adhesive and sealant products The industry sources revealed that the business overview of the second half of the year 64 is expected to grow continuously. After the first half of the year, it made a net profit of 66.69 million baht and had a total income of 843.43 million baht, compared to the year 2020 with a net profit of 69.66 million baht and a total income of 1,376.90 million baht. The company plans to negotiate with Japanese partners. To expand the factory area to support the production of medical grade PVC (Medical Grade PVC) from a high demand for orders. And the product still has a high margin.

The curve after orders flows continuously.

For wire and cable PVC compounds and general graded PVC compounds, as well as sealants. There are still orders flowing in continuously. Accept the construction business that gradually recovered in the second half of the year. Makes the whole year income have the opportunity to touch 1.6 billion baht, surpassing the target set for 10-15% growth from the previous year with income of about 1.37 billion baht.

Penetrating downstream products – knocking on the target 3 baht

Analyst sources estimate that the company still plans to negotiate with partners to jointly invest in the skincare business, which is expected soon, and will continue to receive assets in the plastic compounding business. and plastic resin products for medical use with a continuous flow of orders Plus, supported by the baht’s continued depreciation. Estimated profit for the whole year to reach 120 million baht, making new highs in 5 years, therefore recommending “buy” with a reasonable target of 3 baht.