ADB plus 3% get profit Q2 3 times! Keep an eye on the plastic compound business this year
MAI battling program : ADB Profit Stuck Turbo
August 10, 2021
ADB sets revenue target for year 64 to grow 10-15%, aiming to expand bioplastics – study skin care business
August 11, 2021ADB adds 3%, expects profit in the second quarter of 2021, grows 3 times, touches 36 million baht. Broker recommends “buy”, raises a target of 2.90 baht, indicating that the plastic compound business this year is outstanding, expecting a jump in profit in the year 64
Reporters reported that today (August 10, 2021) the share price of Applied DB Public Company Limited or ADB at 12.06 am at 2.54 baht, an increase of 0.08 baht or 3.25%, peaking at 2.64. baht and hit the lowest point at 2.50 baht with a trading value of 258.70 million baht.
The profit direction in 2021 is expected to improve by leaps and bounds. from both revenue, reduced cost due to improvements in production efficiency and increased U-Rate by order.
However, the outlook for the next 2-3 years is bright. “Bioplastic”, a new product that the company is developing, will be a prominent product in the future according to the green trend.
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