Stocks in the news (ah, ci, erw, leo, micro, nex, plus, sisb, tks) 27.03.23
AH’s subsidiary in China secured parts orders from Tesla, will start delivery from FY25.
Comment: Yup, and they’ll probably get BYD’s in a few years.
CI eyes 3-4 new projects worth Bt10b, both condo and detached housing, sets Bt1b capex for landbank.
ERW expects full year OCC >80% on positive international travelers momentum & tailwind from domestic tourism stimulus, wider margin from lower energy expenses, firms on 45% full year revenue growth target.
Comment: And higher room rates … most likely for the next 12-18 months.
LEO sees strong momentum in 1Q23, sets 15-20% GPM this year, focusing on non-freight which offers 40-45% GPM, eyes JV and M&A, clarity in 2Q23, Bt800-1,000m capex.
Comment: Still well-positioned, the only issue is margin maintenance after the past 2 years when they could mint it due to high freight rates…
MICRO targets full year loanbook +30% yoy above Bt5.8b, new loans target at Bt2.8b-3b, NPLs below 4%, seeks to branch out from commercial vehicles HP to solar roofftop and EV HP.
NEX anticipates all time high profit this year driven by delivery of BEV cargo trucks to Montri Transport to provide deliver services for Demark based global logistic provider, DSV.
Comment: Coming from a low base will of course lead to a all time high….
PLUS’s firm on 30% revenue growth target, on oversea sales growth, US, EU, Asia and Middle-East, eyes increasing sale channel via Walmart to 4,000 branches.
SISB sees solid 1Q23, on 157 new students, with >100 on quarter for 2Q23, 220 more in Aug, 8,000 students target in 2023-2026, with Nonthaburi and Rayong campuses to open sooner that scheduled.
Comment: Their share price performance is just …astounding.
TKS sees double digit revenue growth this year, on both existing and new business, moving towards Tech Ecosystem Builder, sets Bt100m capex, sees windfall from ballot printing for general election in May.
Comment: Those last 10 words…