We expect HANA’s revenue and gross margin to increase qoq in 2Q24 and continue to recover in 2H24, mainly supported by a recovery in demand for many products and contribution of more SiC. We also believe that negative factors, such as a minimum wage hike, rising raw material prices, and US-China tariffs will not have a huge impact on HANA’s earnings. Upgrade to BUY. Target price: Bt52.00.
KEY HIGHLIGHTS Sector Finance Expect credit cost to continue improving; macro factors will facilitate growth. Upgrade to OVERWEIGHT. Update Hana Microelectronics (HANA TB/BUY/Bt41.25/Target: Bt52.00) Seeing brighter outlook ahead. Upgrade to BUY. Minor International (MINT TB/BUY/Bt33.00/Target: Bt39.00) No surprises going into high season of travel in 2Q24.
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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