AH will turn profitable this year, supported by solid 4Q, expecting Bt5b sales, on par with 3Q, in-line with industry. AH upbeats FY21 earnings from recovery parts orders, will kick-off transfer of Bt1.5b EV parts order next year, eyes 10-15% revenue growth target, margins no less than 10%.
Comment: EV isn’t a story for AH as their business is for the other parts of a car (i.e. axles) that aren’t EV reliant. They’ll just grow with the car industry volume.
AP reports 11M20 SDH sales at Bt26.3b above Bt22.5b target, launching new SDH projects, The City Sukhumvit – Onnut, pre-sales kicks off next Saturday, December 13.
BAM, DELTA and COM7 are expected to be added to SET50 from next year, replacing BPP, IRPC, and WHA, Tabloid.
BAM maintains > 40% payout, may book Bt4b deferred tax assets in 4Q, allots Bt15b budgets to scoop up distressed assets,…
