Stocks in the news (cococo, mint, tkn, tpipp) 10.11.23
COCOCO reassures 30% full year revenue growth target driven by large customer base in 90 countries, vast coconut products coverage from canned coconut milk, juice, snacks & ready-meal under Thaicoco & Cocoburi brands, upside from pet-food, plant-base food and plant-based butter.
Comment: One question still in the back of my mind is, what is the size of the coconut market?
MINT’s 3 hotels in Paris on track to cod 1Q24 including NH Paris Beauchamps Champs-Elysees, NH Opera Paris Faubourg & NH Paris Gare de l’Est total 400 guest rooms, expects big jump next year as traffic accelerate on an upcoming Olympic 2024 in France.
TKN revised up full year snack sales growth target to 20% yoy from 15% prior, may register positive surprise 4Q earnings from strong oversea sales, robust order from MAJOR as traffic via theatre surge on holiday season, viral on 2 shows Undertaker and Theeyod boost traffic.
Comment: All these players are doing far better than expected.
TPIPP anticipates meaningful turnaround 4Q after hurt by maintain shutdown in 3Q, gears toward waste to power, solar & wind to achieve full green power plant, target coal free by end of FY26.