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February 19, 2021
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Broke noted that 15 companies are preparing to enter the hemp business. Ready to encourage investors to flock to speculate. Expecting a rising yield trend Along with the warning of majority share price, total value in terms of “Sri Trang Agro”, the share price soared. After preparing to apply for permission to plant in March, KWM joins JSP Industrial Pharmacy Plant, Hemp Extraction Production
From the Government Gazette, in force since January 29, to allow hemp to be processed and added value in various health products, including medicines, food, beverages, cosmetics. As a result, many listed companies (listed companies) are interested in doing business that incorporates hemp into food, beverages and cosmetics.
Recently Sri Trang Agro-Industry (STA) plans to apply for a license to import hemp seeds. And apply for a license to plant hemp and plan to establish a seed and flower extraction plant in 2022 from the above problem, supporting STA’s share price yesterday (February 18), reaching a peak of 44.50 baht, an increase of 28.99%. closing at 43.50 baht, an increase of 9 baht or 26.09%, the number 1 trade value is 12,099.87 million baht.
Mr. Therdsak Thawee Theeratham Deputy Managing Director, Research Division Asia Plus Securities Co., Ltd. said there are listed companies showing more interest. When doing business related to hemp Both in the business of upstream (producers), midstream (extraction plants, production) and downstream (consumer products).
Positive factors for populations interested in using hemp as a component of food and beverages. Cosmetics, etc. STA’s share price rose sharply. From where STA plans to grow hemp that is prepared to apply for permission in March this And is expected to be granted in June. And expected production in October. What is an upstream business? This has not yet been announced as most of it is done in the midstream and downstream businesses, which generates demand to buy products from upstream producers. As a result, hemp growers in the upstream business will have high revenue growth in the future.
Therefore, get investors to come invest In addition, STA’s share price is considered cheap with a P / E value of 5 times and a high dividend yield. Furthermore, the subsidiary is Sri Trang Gloves (Thailand) Public Company Limited or STGT. The performance trend continues to grow due to the demand for rubber gloves.
However, the hemp issue is believed to bolster the share price of companies planning to incorporate hemp as an ingredient in their products. Until the company’s share price is at full value, which there are currently about 15 companies planning to do, but the price of most of the shares has gone up for more novelty and full value.
Therefore, there are only 3 stocks that the company recommends investing in: STA, which offers a reasonable price of 50 baht, MK Restaurant Group (M), which offers a reasonable price of 59 baht, and SETP. SAPPE backpack reasonably priced at 26 baht
Mr. Ekapan Vanagosoom, CEO of KK W. Metal Works (KWM), said that the company cooperated with JSP Industrial Pharmaceutical Factory (Thailand) Public Company Limited in the project “Extracts. It is extracted from the hemp and hemp plant” to lead to the production of medicines and herbal medicines. The company then developed and produced the first successful cannabis and hemp plant extraction in Thailand. The cannabis and hemp related industries in the world are expected to be large markets and have significant growth opportunities in Thailand.
Sitthichai Daengprasert, CEO of JSP Industrial Pharmaceutical Factory (Thailand) Public Company Limited or JSP, said that in the first phase, KWM extractors will be installed at the Lamphun factory in June. What is the period in which the raw materials of the hemp leaves are ready for production and will begin to be tested under 50 formulas for our clients who own brand of nutritional products. Great pharmacy About 20-30 interested people
