บทวิเคราะห์ (Research)

STANLY : Earnings result - Strong earnings in 2QFY25 STANLY’s core earnings in 2QFY25 jumpped to Bt576m (+19% yoy, +90% qoq) thanks to a strong improvement on its GPM that hit the highest level in the past 14 quarters. We have a positive view on STANLY as the company still have a room to improve its GPM futher thanks to the merging and relocate its factory, and the benefit of able to leverage on its parent company’s strengths, as well as share resources and sourcing of raw materials. Maintain NEUTRAL call with the same TP of Bt200.