Based on an overall promising HY 22/23 top line, Bastide posted a decent operating margin and OCF despite the somewhat unfavourable market conditions. The passable but discouraging leverage remains a concern however. We nonetheless do not expect major changes to our estimates, which broadly match the reconfirmed guidance and strategic plans.
24 Mar 2023
Improving profitability and cash generation; outlook unchanged
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Improving profitability and cash generation; outlook unchanged
- Published:
24 Mar 2023 -
Author:
Yi Zhong -
Pages:
3
Based on an overall promising HY 22/23 top line, Bastide posted a decent operating margin and OCF despite the somewhat unfavourable market conditions. The passable but discouraging leverage remains a concern however. We nonetheless do not expect major changes to our estimates, which broadly match the reconfirmed guidance and strategic plans.