22 October 2024
Precision Tsugami (China) (PTC) issued a positive profit alert citing that the company expects its 1H25 (Yr-ended Mar) net profit to increase by approximately 54% YoY to Rmb340m compared to 1H24 net profit of Rmb221m. This encouraging improvement in results was driven by the gradual recovery of the domestic market, where the company’s downstream customers such as automotive industry and general machining industry had increased their capital expenditure, leading to an increase in demand for CNC high precision machine tools during the period under review.
CROSBY Research – Precision Tsugami (China) (1651 HK/ BUY): Anticipating a good 1H25