Drill SAUCE stock Thai god flavor sauce owner golden mountain "forgotten stock"

Pay dividends for 30 years, profits grow good, but the board asks for a salary reduction.

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Golden Mountain Sauce has been a long-standing companion to the Thai people, because it must be admitted that with a mellow taste, just trot into a boiled egg or a cup of hot gruel is delicious immediately.

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Many people have forgotten that the golden mountain sauce has been listed on the Thai stock market for more than 30 years, and since the IPO arrived today, no dividend has been stopped in years.

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In addition, the post-profit period continued to grow, dividends increased, but on the other hand, there was only a daily turnover of 500 thousand baht. The company asked shareholders to pay a reduced return on directors!!

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🍶 know SAUCE shares.

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Thai Thep Taste Public Company Limited or SAUCE was listed on the Stock Exchange on January 20, 1995.

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by the business-making company, manufacturer and supplier of food seasoning products, under the brand Golden Mountain, contains seasoning sauce, chili sauce, refined vinegar, ketchup, tomato mixed chili sauce, oyster sauce, soy sauce, powdered sauce, powdered soy sauce, chili sauce, Panish Sriracha badge and Japanese soy sauce, Kinsan badge. It is also produced according to the customer's trademark.

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Growth in the past period, although the Thai economy did not grow much. There was an inflation problem. Consumption slowed, but on the other hand, SAUCE's profits increased steadily.

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By 5 years backwards, that

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🟢 '64 profit 618 million baht

🟢 year 65 profit 632 million baht

🟢 66 Profit 739 Million Baht

🟢 67, profit 743 million.

🟢 '68 Profit 788 Million Baht

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⭕ has a five-year retroactive average growth rate of 6.26%, with, in an interesting way, SAUCE has always had a net margin of 21 - 23%.

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In '68, they pointed out that domestic sales increased by 1.92% a year earlier.

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⭕ a well-growing channel, Modern Trading, increased by 8.94%.

⭕ export channels. Up 3.16%.

⭕ a typical wholesaler channel. Down 4.15%.

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As a result of the sluggish economy, customers ordered enough products. Some of the big customers went out of business.

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💵 SAUCE, a stock that has been paying dividends for 30 years.

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The interest of SAUCE stock is that it has been a continuous dividend for 30 years. Plus, for the past 7 years, the dividend has been increasing steadily.

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Statistics pay dividends.

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🟢 62 at 0.99 baht.

🟢 63 at 1.15 baht.

🟢 64 at 1.25 baht.

🟢 65 at 1.60 baht.

🟢 66 at 1.65 baht.

🟢 67 at 1.72 baht.

🟢 '68 at 1.81 baht.

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At present, SAUCE is priced at 41.00 baht, up from the beginning of 5.81%.

It currently trades at 18 times P / E and has an accounting value of 4.54 times.

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🟢 has a dividend rate of 4.62%.

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🚨 board proposes shareholders "request a pay cut."

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However, there is another interesting thing in SAUCE stock, in that when reviewing the agenda of the Annual AGM, 68 found that there is a resolution to downgrade the company director's compensation.

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In '69, the director's compensation was 3.91 million, down from 68 to 1 million, or about 20%, and the director's return of no more than 5.03 lakh, which is also the same rate as' 68, which is not often seen in the Thai stock market.

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However, anyone who trades in SAUCE shares may have to take precautions, because there is not much liquidity in the stock. The average trading is $500 a day, so it may have to wait for the rhythm to buy!!

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