ASIAN revised up FY22 revenue growth target to 19% from 12% after 1Qnp came Bt248m, +15% yoy, sales +35% yoy >Bt2.8b, upbeat outlook on frozen foods & pet food exports, weak THB boosted earnings.
Comment: Been impressed by this.
DOHOME firms on plan to add 5 outlets this year, sees 2Q SSSG ranging high at 19-20% range, will expand house brand products to boost margin.
Comment: And they are just continuing to do far better than I expect.
MTC raised end of year loanbook target to Bt120b from Bt100b, expects credit demand accelerate on schools reopen, demand for agricultural machineries ahead of crop season.
Comment: The main risk for the stock has been the cost of capital and the potential cap rates on interest. Demand isn’t an issue at all for these players
STARK anticipates recovery margin 2Q from lower cable production costs as copper price drops, sees positive momentum continue from Bt12b backlog pending to realize, mulls expand coverage to EV cable, maintaining Bt30b full year revenue target.
Comment: Copper dropped? Oh yes its down -10% this year after being up 80% since pre-wuflu