Sappe Tb - Strong Sales and Profit in 2Q24E; 2024-26E Earnings Forecasts Revised Up
We revised up our core profit forecasts for 2024-26E by 3-6%, reflecting a higher-than-expected profit margin and operating expenses to sales in 1Q24.
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Sappe -1Q24 Sales and Profit Growth Hit New Highs
The 1Q24 profit hit a new high and marked bigger-than-expected growth due to an upbeat margin. Sales grew in line with the expectation.
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Sappe -1Q24E Sales Growth and Core Profit to Hit New Highs
KTX switches to a Neutral rating, with a fair value of Bt95, based on the earnings yield and a required rate of return of 4.5% (vs. Outperform with...
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Sappe -Downbeat 4Q23 Earnings but In-Line 2023 Earnings
The 2023 core profit was in line with our expectation, but the 4Q23 core profit fell short of the estimate by 9% due to higher- than-expected...
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Sector Capsule: Apparel Accessories in Thailand
Headlines Apparel accessories increases by 3% in current value terms in 2016, to reach THB11.2 billion Outbound tourists support the demand for...
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