2023-07-30 15:00:46
Stock dimensions – SNC Entering 3 new businesses to drive long-term growth
SNC, a manufacturer of equipment parts for air conditioners And refrigeration by “Mr. Somchai Ngamkitcharoenlarp” Executive Vice President revealed that the overall business will gradually grow. After the company uses a strategy to penetrate the market and new OEM customers, resulting in more orders.
Get new business assets
Including the company expanding investment in 3 main projects: 1. Waste-to-energy power plant for Yala City Municipality (SNC holds 60% of shares) which has signed a contract with PEA. already 3 MW, expected to be COD on January 1, 2023, generating income of 100 million baht / year, 2 SNC Green Industry Park projects developed into industrial estates, area 104 rai, Chonburi province, expected to start marketing in the second half of this year and 3. The company cooperates with Chinese partners to produce Pickman XR electric cars for export to the United States. ASEAN and Thailand are expected to have annual sales of 3,000 units.
long-term performance, strong growth
Raise dividends 3-4%
“GMO-Z Com Securities (Thailand)” revealed that it has a positive view on SNC shares following having plans to expand the business to diversify risks from the existing business to waste power plant business , investing in green industrial parks and investing in EV companies together with car owners in China This is an opportunity to support long-term performance as SNC is still a stock that yields around 3-4% dividend per year.
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