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Nex Point: Does the stock price fall make sense?

4Q22 result was far better than the consensus. Is NEX’s stock price dive related to EA? NEX enters the mass market in 2023.
Bualuang Securities Napon
Napon Jaisan @ Bualuang Securities 21 March 2023

Khon Kaen Sugar Industry PCL: El Niño in 2H23 claims spotlight

Smaller 2023/24 global sugar surplus forecast anticipated. Higher 2H23 El Niño probability to boost global sugar price in 2024. Anticipate a YoY solid rise but a QoQ drop for 2Q23 earnings.
Bualuang Securities Prasit
Prasit Sujiravorakul @ Bualuang Securities 21 March 2023

Pakistan Suzuki: 4QCY22 Review - Elevated finance cost and taxation dent earnings

PSMC posted a 4QCY22 net loss of PKR3.8bn, due to persistently high finance costs and elevated taxation. Gross margins were 9.8% for 4Q compared to 5.2% last quarter, mainly attributable to increase in car prices. PKR devaluation on outstanding payab...
Intermarket Securities IMS Research
IMS Research Team @ Intermarket Securities 21 March 2023

Obourland: Valuation Update – Macro and Market Dynamics Support Financial Performance

We upgrade our FV for OLFI to EGP11.60/share and change our recommendation to Equalweight, on market rice rally. Margins To Pick Up On Cooling Commodities and Higher Final Product Prices. Bottom Line To Normalize After Dip; Working Capital & CAPEX Ar...
Al Ahly Pharos Securities Brokerage Marina
Marina William @ Al Ahly Pharos Securities Brokerage 20 March 2023

Thailand: Tourism - Staying bullish on the sector

Expecting higher tourist influx in 2Q23. Looking at stronger performance in 2Q23. Our tourism preferences remain AOT, CENTEL, MINT, ERW, and AWC.
Bualuang Securities Kalvalee
Kalvalee Thongsomaung @ Bualuang Securities 20 March 2023

Pakistan Textiles: Feb’23 - Another poor month for exports

Textile exports decline to US$11.2bn during 8MFY23, down 11% YoY. Over-piled inventories among major retail outlets in USA & Europe have led to lower export orders. Removal of subsidies, peaking interest rates and a fall in demand to negatively impac...
Intermarket Securities IMS Research
IMS Research Team @ Intermarket Securities 17 March 2023