Stock dimensions – AH Bounce to get the highest car production in the past 4 years, boosting orders, pumping Q1/2013 with outstanding growth
AH by “Kingsford Securities” revealed that AH will receive benefits. “Automotive production has grown the highest in the past 4 years”. In 2023, sales are estimated at 29.7 billion baht, growing 6%YoY, better than the industry. It comes from the recognition of new orders for Ford pickup truck parts, which are global models in excess of 1,000 million baht and orders from EV customers around 800-900 million baht.
While revenue “Car dealerships and service centers” continued to grow from the opening of new showrooms in Thailand and Malaysia last year, so in 2023, normal profit is expected at 1.72 billion baht, growing 1%YoY, recommending a “buy” target. 43 baht
performance Q1 outstanding growth
“Mr. Yeap Soo Chuan”, Chairman of the Board of Directors and Chief Executive Officer, revealed that Q1/2023 performance is expected to grow outstandingly. because it is high season Since the Japanese car operators closed the financial period in March, resulting in more orders for the whole year 2023, they are confident that the total revenue will grow 10-15% from the previous year, which is higher than the previous year. automotive industry
Orders spilled
The company has received new orders as a global market model and the domestic OEM business is considered a model change period for new pickup trucks. from the launch of new cars And the revenue from the new showroom has been recognized for full year revenue in this year 2023.
Get business assets for a subsidiary company
Together with the opening of the PROTON car showroom in Malaysia in Q4/2022, sales in Malaysia are expected to continue to grow from last year. At the same time, the subsidiary “Portugal” doing business of manufacturing parts has passed the break-even point. which has turned profitable since Q4/23 and will receive full positive results in 23
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