SC jumps 4% against the market, brokers recommend buying with a target of 5 baht, hoping that third-quarter profits will exceed 600 million.

Reporters reported that today (October 9, 2023) SC Asset Corporation Public Company Limited or SC share price At 4:20 p.m., its price was 4.58 baht plus 0.16 baht or 3.62%, the highest price was 4.62 baht, the lowest price was 4.40 baht, with a trading value of 183.04 million baht.

Finansia Syrus Securities Public Company Limited said in its analysis today (October 9, 2023) that SC expects 3Q23 normalized earnings at 550-600 million baht, expanding compared to the previous quarter from the previous quarter 2/66 at 497 million baht but weak compared to The same period last year. Compared to 3Q23 of 653 million baht from SG&A, an increase from other business expansions. High interest expenses

As for transfer amounts in 3Q23, they are expected to be slightly better. Compare Previous Quarter Compared to the same period last year, the low single-digit level was mainly due to the gradual recognition of backlog carried over from 2Q23, while premarket sales grew 15% sequentially. It grew by 63% compared to the same period of the previous year. A year after the success of new apartments in the second quarter of 2023 and the acceleration of demand from foreign customers Although the horizontal market tends to slow down, the high-end group, which the company is good at, still enjoys strong demand. Including the launch of more apartments since the second half of 2023, is expected to help SC stabilize, maintain expectations and expect dividends in the second half of 2023. Dividend yield, dividend per share remains 4.3%, target price Adult 5 baht, I still recommend buying.

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