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4 articles for Thai Stanley Electric PCL
Thai Stanley Electric PCL: Result beat; GM fatter than expected
STANLY’s QoQ earnings will increase further in 4Q21 (Jan-Mar 2021), we believe, supported by recoveries in global supply chains and consumption spending. Our profit forecast upgrades prompted us to raise our end-Mar 2022 target price from Bt163 to Bt...
Suwat Bumrungchatudom @ Bualuang Securities 1 February 2021
Thai Stanley Electric PCL: Über beat! GM fatter than expected
STANLY announced a 2Q21 (July-Sept 2020) net profit of Bt254m, down 57% YoY but a QoQ turnaround from a loss of Bt184m for 2Q21. The result was 96% above our expectation and 35% ahead of theBloombergconsensus, attributable to a fatter gross margin th...
Suwat Bumrungchatudom @ Bualuang Securities 2 November 2020
Thailand (Bualuang) Automotive - Recovery through 2H20 and beyond
Vehicle production dropped to a nadir of 24,711 units in April, as economic fallout from COVID-19 and the lockdown took their toll. Output has risen MoM, May-through-August. Auto production was 117,253 units for August, up 31% MoM (but down 30% YoY; ...
Suwat Bumrungchatudom @ Bualuang Securities 15 October 2020
Thai Stanley Electric PCL: Deep miss! Sales lower than expected
STANLY announced a 1Q21 (April-June 2020) net loss of Bt184m, a reversal from profits of Bt334m for 1Q20 and Bt602m for 4Q20. The result deeply missed our estimate (earnings of Bt137m), attributable to a 50% YoY plummet in sales (we had assumed a div...
Suwat Bumrungchatudom @ Bualuang Securities 4 August 2020
Details
Thailand
Asia
Automobiles & Components
About
Thai Stanley Electric Public Company Limited manufactures automotive bulbs including headlight bulbs, taillight bulbs, stop taillight bulbs, and meter bulbs. The Company also manufactures lighting equipment, as well as molds and dies for automobile and home appliance parts.
