KCG Corp.'s 1Q Earnings Likely Grew on New Product Launches, Cost Savings — Market Talk

About this update from Kcg Corporation Public Company Limited

KCG Corp.'s 1Q earnings could grow 19% on year, thanks to new product launches and cost savings, ttb wealth securities' Pattadol Bunnak says in a research report. The food-and-bakery products manufacturer is seeing good growth from the business-to-business and business-to-consumer customer segments, owing to success of its strong and proactive management team, the analyst says. In 1Q, the Thai company developed formulas for trending products as ingredients to bakery makers. Its EBIT margin likely expanded to 8.5% in 1Q from 7.7% a year earlier as it automates its workforce and invests in research and development for product reformulation. The brokerage raises the stock's target price to 12.00 baht from 11.30 baht with an unchanged buy rating. Shares are 0.5% higher at 9.80 baht. ([email protected])

View stock analysis, news, and events for Kcg Corporation Public Company Limited