Stocks in the news (bm, delta, dohome, global, hft, inetreit, spvi) 09.08.21
BM upbeats full year earnings supported by demand for metal conduits, racks & enclosures, ctrl panel and switchboard on the back on infra expansion, agricultural machine parts orders for Kubota to realize in 3Q, contribution from 20% holding in EPC contractor (MECT), firms on record high profit this year.
Comment: Record high profit means…+5% from last year.
DELTA keeps 10-15% revenue growth target this year, from Bt63,826m last year, on higher sales and weak THB.
Comment: The SET didn’t have the 8alls to adjust the SET free float requirement. And it looks like DELTA kept the SET above 1,500.
DOHOME sees positive SSSG qtd thanks to less impact from Covid curbs upcountry able to offset 2 stores closed in BKK (Petchkrasem & Rama 2) and partial close in 4 branches (Rangsit, Bangbuathong, Bangna, Laemchabang), will open 2 stores in 2H & 5 stores in FY22.
Comment: I am continuously impressed. They’re expanding, winning market share, & margins look decent.
GLOBAL’s firm on record profit this year, after Bt1,938m in 1H, +73% yoy, boosted by house brand in all segment, sets Bt500m capex for 2 more branches this year.
Comment: Though I’m curious to see 2H21 figures if it matches up with the rush in spending that we saw in the past 12 months.
HFT sees stronger 2H from Bt1,589m sales in 1H, on higher sales, as competitors were forced to close due to pandemic and 5% price increased.
INETREIT: data center IFF, INET Leasehold REIT, debut IPO 330m units at Bt 10 apiece, Kasikorn Sec leads.
Comment: A pop at the open and then nothing.
SPVI sees YTD online sales +200% yoy thanks to strong demand for iPad, seeks to expand stores & maintenance services upcountry, firms on 10% revenue growth target.