As i will be busy on the next few days, i have decided to skip ahead 1 day and report the results.
China Sunsine - From the tone of the results briefing, it seems like Q1 would likely be not as good. The china automobile trend in the first 2 months of 2023 looked bad as well with a close to 20% fall compared to 2022. Considering that the industry is cyclical and the company has been expanding production levels, there is a time to think that the company might be overvalued but its definitely not now.
Centurion - Overall a solid result, with news that rentals are up and dorms are operating at full capacity. Only concern is the finance expense that has ate up profits in 2H 2022. 1H 2023 will likely reveal how good the reversion in rates are vs the cost.
No comments:
Post a Comment