Thai Union Confident Global Markets Will Drive 4-6% Revenue Growth
Thai Union Group raised its revenue growth forecast to 4-6%, betting on foreign investment inflows and expanded access to key markets like the US, China, and India to offset weak domestic purchasing power.
Theeraphong Chansiri, CEO of Thai Union Group, said Thailand's investment climate is turning increasingly positive, particularly after government officials met with foreign investors to present the country's investment opportunities and plans. Beyond these investor outreach efforts, Thailand benefits from its position as a Southeast Asia hub and a business-friendly environment, while favorable exchange rates help the business sector compete globally. If US-China relations improve, it would further support trade and investment activity in the region and increase opportunities for Thailand to attract more foreign capital.
Although investment sentiment is showing positive signs, domestic purchasing power remains weak. The company hopes foreign investment inflows will stimulate job creation, raise incomes, and eventually restore domestic purchasing power. "Domestic purchasing power is still low and weak, but we hope that bringing foreign investment into the country will encourage job creation, increase people's income, and lead to stronger purchasing power in the future," Chansiri said.
Regarding international trade, if US tariff rates do not increase from current levels, it would benefit businesses and exporters serving the US market, as current rates remain competitive. China is another key market; opening it further to trade and investment would create additional business opportunities.
Thai Union continues pursuing overseas investment, as most of its businesses depend on foreign markets. The company is targeting the United States, China, and India, each offering growth potential. Investment decisions will align with each country's opportunities.
The company has raised its revenue growth forecast from 3-5% to 4-6%. Given current global economic conditions, maintaining this growth rate would satisfy the company. "We recently adjusted our revenue growth forecast from 3-5% to 4-6%. In today's global economic situation, if we can sustain 4-6% growth consistently, I think we are satisfied," Chansiri said.
Capital expenditure is expected to remain at similar levels, with no significant increases planned. However, the company will consider additional investment if new business opportunities arise. Thai Union will focus on pet food, a key growth business, and is also investing in shrimp feed operations in Ecuador, which is currently underway.
