XO Spikes 10% in Anticipation of Bright 1Q21 Earnings, Analyst Recomm. “BUY” at ฿13.5

The share price of Exotic Food Public Company Limited (XO) spiked ฿1.20/share or 9.60% to  ฿13.70/share as of 16:10 local time in Thailand, with a trading value of 225 million baht.

 

Finansia Syrus Securities (FSS) recommended “Speculative Buy” on XO with a target price of ฿14.20/share, expecting to see a continued growth in 1Q21 despite the shortage of cargo ship, as the pre-order volume still high and high season is coming. 

 

However, for the 2021 outlook, XO’s earnings are estimated to decrease by 5% YoY and will have an upside from hemp-based sauce products and the expansion into the new market.