SNC: Downgrade to “HOLD” to Factor in Gloomy Outlook
SNC’s 4Q18 net profit dropped 39%YoY to Bt72m, lowest in past five quarters. The drop in sales to Bt1.288m (-19%YoY) and the rise in SG&A to...
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SNC: Announced an Interim Dividend Yield at 3.3%
Snc Former Pcl (SNC TB) reported 2Q18 recurring EPS of Bt0.38 (-7%YoY, -38%QoQ). The 1H18 recurring EPS was Bt0.99 (+32% YoY) and was in line with...
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SNC: Better Product Mix Cause 1Q18 Bottom Line Growth
SNC had 1Q18 recurring EPS of Bt0.61 (+80%YoY, +47%QoQ). The 1Q18 result was 42% of our full-year forecast and was in line of our forecast. A...
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SNC: 16% Drop in SG&A Cause 2017 Bottom Line Growth
SNC reported 4Q17 recurring EPS of Bt0.42, which was +60% YoY and +73% QoQ. The FY2017 recurring EPS was Bt1.41 (+1.1% YoY) and was 10% better than...
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SNC: Cool Breeze Brings in 2018 Earnings and Core Business Revival
We initiate coverage on SNC with a BUY rating based on a target price of Bt17 and derived from a PE ratio of the Asia ex-JP Capital Goods sector’s...
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