Stock Measurement – SIRI by Krungsri Patanasin Securities said the research department has a slightly positive outlook on presale Q1/24 at 9.5 billion baht (+18% yy, -20% qq) as it grew yy against the group and slightly higher than the target set by SIRI.
For Q1/24 presale is 20% from the target of 45 billion baht (+20% yy), with potential because Q2-Q4/24F has plans to open new projects up to 51.5 billion baht for a normal profit shift. 24F is expected to be similar to last year at 1.0-1.1 million baht.
Therefore, the Buy recommendation is kept at TP24F = 2.20 baht, but the pressure in 2H24F is more interesting because the plan to open new projects and identify projects in the low group in 2H24F, while the business management in 2024F that is. SIRI’s strength also comes from SIRI’s customer base, a low leverage, high market group, with better purchasing power than other groups. and is a group with a high % GPM
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2024-04-15 10:30:54
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