In today’s briefing:
- Toshiba – Earnings Preview 4QFY23
- SCG Chemicals Pre-IPO -The Negatives – Recent Performance Has Been Weak
Toshiba – Earnings Preview 4QFY23
- We believe Toshiba guidance could be meaningfully lower than consensus estimates project.
- While we expect some conservatism across industrial segments this could easily be offset by prolonged stagnation on the tech side.
- Given concerning signs for NAND we believe weak guidance could shake confidence in deal funding.
SCG Chemicals Pre-IPO -The Negatives – Recent Performance Has Been Weak
- SCG Chemicals (SCGC TB) (SCGC) is looking to raise around US$1bn in its upcoming Thailand IPO.
- SCG Chemicals, a part of the SCC group, is an integrated chemicals player in ASEAN, involved primarily in manufacturing, marketing and selling a diversified range of petrochemical products.
- In this note, we talk about the not-so-positive aspects of the deal.
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