TKN Spikes 5.3% to Bt11.90 on the Positive Earnings Outlook in 2021

The share price of Taokaenoi Food & Marketing Public Company Limited (TKN) rose ฿0.60/share or 5.31% to ฿11.90/share with a trading value of 797 million baht as of 11:05 local time in Thailand on Wednesday.

 

Maybank Kim Eng has given a “BUY” recommendation on TKN with a target price at ฿13.00/share, stating that sales in 2021 were forecast to recover while seaweed costs decline, coupled with the gradual launch of new products, such as Taiwanese milk tea, sales should be boosted further in the near future.