A healthy turnaround in performance by Red Lobster, combined with easing raw material cost pressures, will set Thai Union in shape for a strong second half of 2017, according to Prasit Sujiravorakul, an analyst at Bualuang Securities.

The analyst is expecting Thai Union to post a THB 1.32 billion (€36.1 million/$38.3 million) net profit for the first quarter, up 7 percent year-on-year and 46 percent quarter-on-quarter.

Excluding THB 280 million (€7.7 million/$8.1 million) in foreign exchange gains, core profit for the first quarter is expected to be THB 1.04