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Khon Kaen Sugar Industry
2014-03-18 16:00:03| Sugar Industry News
KSL posted a 1Q14 (Nov 2013-Jan 2014) net profit of Bt427m, up by 321% QoQ and 10% YoY. The result was 38% above our estimate and 20% clear of the consensus, due to higher-than-expected ethanol prices and sales volumes and lower-than-modeled tax expenses.
Tags: industry
sugar
khon
kaen
Khon Kaen Sugar Industry
2014-03-10 07:18:45| Sugar Industry News
We expect a sugar price recovery to clearly start manifesting by about mid-year, driven by an improved demand-supply balance in tandem with lower Brazilian output. We are now less optimistic about KSL's FY13/14 sugar businessit is likely to post a weaker performance than previously envisaged, as we now expect the Cambodia and Laos operations to post deeper losses instead of breaking even. Diminished expectations for the sugar business may cap the share price in the near-term.
Tags: industry
sugar
khon
kaen
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