The share price of DOD Biotech Public Company Limited (DOD) has made a continuous rebound for the fifth day with a 7.53% increase to ฿10.00/share in the morning session on June 7, 2019, after hitting ฿7.75/share on May 31, 2019. The highest price of the session was ฿10.20/share and the lowest was ฿9.30/share with a trading value of THB 49 million.
DOD had made a statement in the first quarter of 2019 that the revenue in the second quarter would recover with positive potential due to the restructure of business management in late 2018, while asserted that the company had an order for supplementary food worth THB 30 million on hand, targeting to distribute in late 2Q19. The company also received orders to produce supplementary food for seniors which will be displayed through TV Shopping.
As for PCCA Laboratory Company Limited (PCCA), the company in the process of designing new products such as sunscreen, face-mask pad, foundation cream etc. DOD expected PCCA to deliver the aforementioned products by late 2Q19 of within the third quarter at the latest to support DOD’s revenue in 2H19.
The consensus target price of DOD is ฿11.15/share while Phillip Securities recommends investors for an accumulative buy.