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S&P International to Turn to Profit in H1
Yingxi, S&P Intl Hldg (01695.HK) is expected to turn a profit in the middle of the year, earning no less than 3 million ringgit.
S&P Intl Hldg (01695.HK) expects to record a post-tax profit of no less than MYR 300 million for the six months ending on June 30, compared to a post-tax loss of approximately MYR 4.56 million for the same period last year. The mid-term loss to profit was mainly due to a sales growth of approximately 39% from coconut-related products, an increase in gross profit of approximately 64%, a decrease in unrealized forex losses of approximately MYR 3 million, and an increase in operating expenses of approximately MYR 0.9 million, mainly from employee-related and logistics costs.
S&P Intl Hldg (01695) announced earning blessings, with the expected post-tax profit in the first half of 2024 not less than 3 million Malaysian Ringgit, turning losses into profits year on year.
S&P Intl Hldg (01695) released an announcement stating that as of the six months ending on June 30, 2023 (the first half of 2023)...
Pacific Securities: pay attention to investment opportunities in the fields of food and fodder additives, and phosphorus chemicals.
Pacific Securities research reports suggest focusing on investment opportunities in the food and fodder additive, and phosphorus chemicals sectors.
CITIC Securities: The recovery slope of the condiment industry has slowed down, and the online and industrial layout is expected to become a new increment.
With the expansion of food delivery and the popularity of pre-cooked food, part of the condiment consumption on the household end has shifted to dining and food industry channels such as pre-cooked food and cooking packages, bringing new growth to the industry. The demand for the restoration of pre-cooked food flavors has increased, and the requirements for condiment enterprises have gradually strengthened. The trend towards industrialization has become a new opportunity.
S&P INTL HLDG: ANNUAL REPORT 2023
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