Shares of Singer Thailand, or SINGER, rose 3.77%, or 0.40 baht, to 11.00 baht at 10:42 a.m., with trading value of 29.46 million baht, from an opening price of 11.10 baht, reaching a high of 11.10 baht and a low of 10.90 baht. Yuanta Securities (Thailand) said SINGER's third-quarter 2569 profit outlook is outstanding, driven by electrical appliance sales accelerating more than 20% compared with the previous quarter, or QoQ, and by continued expansion of Locked Phone loans at SG Capital, or SGC. This development is a positive surprise for the market, since electrical appliance sales normally slow QoQ in the third quarter of 2569 due to seasonal effects. The growth that occurred therefore ran counter to market expectations.
Singer Thailand Public Company LimitedElectrical appliance sales accelerating more than 20% QoQ drove an outstanding Q3 profit outlook, a positive surprise versus normal seasonal slowdown.
SG Capital PCLContinued expansion of Locked Phone loans at SG Capital (SGC) is cited as a driver of SINGER's strong Q3 profit outlook.
