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SIG Group Price Target Lowered to CHF 23 From CHF 24 at Citi
Morgan Stanley Initiates SIG Group at Overweight on Strong Growth Outlook, Discounted Valuation
Should You Be Adding SIG Group (VTX:SIGN) To Your Watchlist Today?
BNP Paribas Exane Upgrades SIG Group to Neutral, Lifts PT
SIGG Research Memo (9): Evaluation of the shift to prioritizing operating profit and strengthening shareholder returns, with attention to the progress of the second phase of the growth strategy.
■SIG Group <4386>'s growth strategy 5. From our perspective, the company has a strong position in the system development and information services industry, particularly in the public sector (such as personnel and payroll systems for designated cities, mutual aid and pension system development, and national health insurance system development) and the Energy sector (such as support for the development and maintenance of reception and transmission systems for power distribution companies). Additionally, regarding the growth strategy, there is a slight feeling that the revenue targets in the traditional long-term vision are somewhat overstated.
SIGG Research Memo (6): Significant revenue and profit growth is expected for the fiscal year ending March 2025, with further potential for upward revision.
■SIG Group <4386> outlook for the future 1. Performance forecast for the fiscal year ending March 2025 The consolidated performance forecast for the fiscal year ending March 2025 remains unchanged from the initial plan, with revenue expected to increase by 15.8% year-on-year to 8,000 million yen, operating profit expected to increase by 18.1% year-on-year to 420 million yen, ordinary profit expected to increase by 23.2% year-on-year to 440 million yen, and net income attributable to shareholders of the parent company expected to increase by 17.0% year-on-year to 280 million yen, anticipating significant growth in revenue and profit. The breakdown of revenue is that the system development business is expected to increase by 7.6% to 5,600.