Stocks in the news (atp30, scc) 14.11.23
ATP30 anticipates positive earnings momentum thru 4Q from recognition of 4 new corporate employee shuttle contracts, adding 10 e-bus to save fuel cost, firms on 10% revenue growth target.
Comment: A great step up business.
SCC forms venture with Japan chem partner, Denka to estimate acetylene black production plant used for battery terminal production to enhance value of renewable chain, target cod FY26.
Comment: The company’s businesses are still firing on all cylinders, but their issue is on the profit side with the petrochemical cycle being screwed up since covid.