Srinanaporn Marketing - 4Q23E Core Profit Projected to Grow 13% YoY and 8% QoQ
Our valuation metrics suggest that the stock is attractive in terms of the fundamentals, both in the short and long term.
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Srinanaporn Marketing SNNP
We maintain our Outperform rating, with a fair value of Bt21.35. The 4Q23E core profit is expected at Bt173mn (+13% YoY and +8% QoQ), driven by...
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Srinanaporn Marketing Plc. (SNNP): SNNP Reported a 3Q23 Net Profit of Bt160mn, 5% Lower than KTX’s Projection of Bt169mn - Outperform (Fair Value: Bt26.25)
SNNP reported a 3Q23 net profit of Bt160mn, 5% lower than KTX's projection of Bt169mn due to higher-than-expected operating expenses by Bt8mn. The...
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3Q23E Earnings Expected to Grow 19% YoY and 8% QoQ
We forecast net profit of Bt169mn in 3Q23E (to report earnings on November 8), driven by an increase in sales, especially overseas sales,...
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Earnings Review - Srinanaporn Marketing Plc. (SNNP)
The 2Q23 net profit increased by 35% YoY and 2% QoQ as the gross profit margin widened YoY but remained flat QoQ. Meanwhile, sales expanded both...
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