2023-07-09 15:00:11
Stock dimensions – STA expect the Q2 budget to continue to grow, profits close to 300 million baht, receive virtue The baht depreciated and the selling price recovered. and confident that China can control
STA by Phillip Securities (Thailand) stated that export sales of blocked rubber are expected to be close to Q1/23 due to pre-sale of products. which is when world rubber prices recover
“Winning Q2 profit 298 million.
Growing from Q1″
While the average selling price is higher Plus the baht depreciation came to help both STA and STGT (holding 50%). Expected total GPM of 11.8% to stabilize Q2/2023 net profit at 298 million baht, up from Q1/23 (Q1 profit at 287.92 million baht).
“Receiving the merit of China
support the price of rubber in the second half to recover
It is also a positive result from China that has begun to stimulate the economy by reducing interest rates and renewing EV tax relief measures, resulting in more investment. support rubber prices in the second half to recover Got more than the first half, hit the basic target of 20.80 baht/share
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