KCG Corporation Public Company Limited, or KCG, pursues a growth strategy and is geared toward sustainability after entering the Stock Exchange. KCG is preparing to invest over 1,270 million Baht to build the 'KCG Logistics Park', a new distribution center and warehouse, and purchase automated machines to increase production capacity for butter and cheese in response to the growing food and bakery industry in the second half of the year. After the tourism industry recovered quicker than anticipated, the market entered its peak season, and the growth of product demand among consumers and business owners drove income growth in accordance with the objectives. According to Bualuang Securities Company, the share price will rise to 12.0-14.6 Baht per share in 2024.

Dr. Watit Tamavitok, CEO and managing director of KCG Corporation Public Company Limited or KCG, a leader in the production, distribution, and importing of butter, cheese, and ready-to-eat products revealed that the Company's three-year operational plan (2023-2025) to create sustainable growth has been implemented under the investment framework of over 1,270 million Baht. The Company will invest 297 million Baht in 2023-2024 to construct the "KCG Logistics Park" or a distribution center for frozen and ambient warehouses with the most advanced and comprehensive system to be installed at the Theparak Factory which allows for more effective cost management. This is expected to be completed in 2024.

In addition, 47 million Baht will be invested in the purchase of automation to support the expansion of cheese and butter production capacity at the Theparak Factory as well as the purchase of new machinery and the modification of the clean room in Bang Phli to support both domestic and international growth. Moreover, KCG's second-half plans include the introduction of new products and innovations, such as butter and cheese product groups that meet the needs of health-conscious consumers and are convenient. This includes the expansion of distribution channels via online platforms, convenience stores, and vending machines to continually expand the (B2C) and (B2B) customer bases.

Mr. Damrongchai Wipawattanakul, Senior Deputy Managing Director of KCG, mentioned that the western food and bakery industry has high growth potential in the second half of the year due to positive factors from the faster-than-anticipated recovery of the tourism industry. As a result, the number of tourists utilizing hotels, restaurants, banquets, and HORECA industries has increased. The fourth quarter is the peak demand period for dairy products such as butter, cheese, and processed milk products, as well as food and bakery products such as cookies, crackers, and wafers, among B2C and B2B consumers. This ensures that the revenue will grow as expected.

Bualuang Securities Public Company Limited has recently estimated that KCG's basic value in 2024 will be between 6,518 and 7,936 million Baht, or 12.0 to 14.6 Baht per share, based on the Company's plan to achieve significant growth over the next two to three years. This includes the economic stability and adaptability to rapidly recover from the COVID crisis. KCG has a variety of high-quality products and prices that are in line with the purchasing power of each target group. The Euromonitor projected that the growth rate of the butter and cheese market in Thailand will be 6-8% per year between 2023 and 2026. The compound annual growth rate (CAGR) for the years 2023 to 2025 is 20.3%, as a result of organic growth, new products, and recovered gross profit margin.