DELTA: expects chips & parts shortage to improve 2H22, plans to invest US$ 120m for new plant in India & expansion in TH, eyes 10-20% revenue growth target, will curb costs to buffer margin.

Comment: Still trading at 70-80x earnings…..

SNC: anticipates 1H turnaround from recovery demand for account parts upcoming summer season, higher OEM sales, firms on 10% FY22 revenue growth target.

Comment: Back in 2005-2010 we loved this name, and it seemed to peak during the “hot season” as that’s when aircon sales were higher and was growing 20-30% p.a. Now it’s a still a decent manufacturer that’s figuring out how to keep growing its topline.

STEC: target construction revenue >Bt 33b, aims to secure backlog at least Bt 40b out of Bt 300b total bidding, U-Tap-Pao airport projects to begin construction this year.

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