In today’s briefing:
- DELTA: Shortage Issue Still Persists Despite Concerns on Weakening Demand in 2022
DELTA: Shortage Issue Still Persists Despite Concerns on Weakening Demand in 2022
- We maintain our BUY rating and TP of Bt419 based on based on 51.7xPE’22E. Business update meeting last Friday came with positive news on improving shortage situation by 4Q22
- 2Q22E earnings to decline QoQ: We believe that 2Q22E net profit will be at Bt2.7bn (+61% YoY, -4% QoQ).
- We expect 2Q22E sales to be at Bt24bn (+15%YoY, -4% QoQ). QoQ decline is mainly due to lockdown issues in China and longer holidays during 2Q22.
Before it’s here, it’s on Smartkarma
