9M20 Sales & Profit Margin Overview
Y2020 Outlook
Growth Target
Expected sales growth of approximately 8-12% excluding FX translation impact
Key Drivers & Focus
Higher average domestic meat prices of swine
■Swine shortage due to African swine fever (ASF), rising momentum of swine prices especially in Vietnam
Improving Thai aquaculture businesses performance
■ Opportunities from new normal after COVID-19 raise demand for food safety products.
■ Focusing on efficiency improvement and prudent investment
Key Challenges
Impact of COVID-19 on consumption and global economy
Impact of drought in Thailand
Balancing domestic chicken parts for different markets
■ African swine fever (ASF) outbreak in multiple countries
Foreign exchange volatility
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Investment
Capex of approximately THB 25 billion (excluding M&A)
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