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Growth + Float = Delta money gameSET:DELTA is the best performing large-cap stock since Covid time - the stock is the thiry-bagger from end of 2019 to today (7 Nov 24) - generating massive return to its shareholders and executives. >> Not a new kid on the block : Pre-covid, Delta had decent financial performance. The company consistently achieved revenue and earnings growth and was profitable through cycles. It's also a reliable dividend payer - deliver 3%+ yield to its shareholders. Single-digit growth and contistent dividend payout were Delta's characterictics back in the old days. As such, DELTA P/E had been in the mid-teens. >> I want it all In 2018, Delta announced the voluntary tender offer deltathailand.com at the price of 71 Baht/share (Bt 10 par). The company said the tender offer aimed to strengthen Delta's manufacturing capabilities and sales support in Southeast Asia. Tender process concluded in mid 2019, reducing the free float from 37% to 22% .
SET:DELTA
by bulega
RJH: 15 Oct 20247 Oct 2024 CP 23.2 Tailwind -Fct 3Q24 highest in last 2 yrs. Nomally comes from Cash and SSO Headwind -4Q24 is off-peak season -> revenue drop QoQ but increasing YoY -Fct SG&A increasing from preparing to open new branch (RNK) in Oct'24 -> beware of Depreciation in Y25 -Adjust Relative Weight (RW) from 12K to 7K. Debating still on to push not to over 15K -Affect from investment in RAM. SH's cost 28.2 current price is 23 KS TP 23.80 Fct EPS 1.58 PE 15 MOS 20% @ 19.04 MOS 25% @ 17.85 MOS 30% @ 16.66
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by adgfdcoc
CKP Fct 3/4Q2422 Sept 2024 Current Price 3.78 -Price Pattern shows symmetrical triangle -> wait till break trend line -> up or down -Fct 3Q24 core profit ~ 800-900 THB (+QoQ -YoY) Headwind -Fct 3Q24 OP is not good due to XPCL site (contribute 32% of total CKP's capacity) shut down (2 times) -> over flow water from China -La Nina will take less impact -> low supply -> NP drop Tailwind -FED cut int rate 50 bps (every 25bps affect 80-90M) -> 3/4QY24 NP improve ~ 180MTHB but cannot subside shutdown/lower output from XPCL -THB appreciate -> Hedging -> Capital Gain -LPBL construction progress ~ 30 and does not get affect from flooding TP 4THB MOS 20%@ 3.2 MOS 25%@ 3.0 MOS 30%@ 2.8
SET:CKPShort
by adgfdcoc