AP reported 7M22 sales at Bt29.96b, account for 60% of Bt50b residential sales target, 3Q momentum remained strong from completion of 2 condos Rhythm Ekamai Estate & Life Sathorn Siera, current backlog Bt33.63b ensure earnings visibility, firms on Bt47b FY revenue target.
Comment: More market share for the big boys.
COTTO expects 2H turnaround from recovery demand for flooring products, fixing materials and bathroom accessories from hotels renovation, adding oversize porcelain & exclusive collection to boost margin.
SABUY’s board approved JV CollectCo Services Sdn to expand drop-off business in Malaysia, also approved investment in RS (15m shares or 1.54% of outstanding) for up to Bt255m to access commerce biz, analyze customer data, digital contents and tele-marketing.
SNC revised up FY sales growth target to 30% from 10% prior driven by strong OEM for air condition parts & cooling products as demand for home appliance & auto account grows, pays interim Bt 0.65, XD Aug 18.
TTB upbeats 2H outlook from positive consumer credit momentum, adding high yield products to boost NIM, maintaining 2% FY loan growth target, NPL within 3.2%.
Comment: Positive consumer credit momentum = consumers needing debt to finance the higher cost of living.
TU revised up FY22 revenue growth target to 10-12% from 7-8% prior, strong ambient seafood sales and growth from pet care & value-added products boost sales, improved Red Lobster operation and wider margin on frozen & chilled seafood to improve margin, subsidiary IPO, I-Tail (ITC), on track to list by end of year.